SEBI fines Tarini International ₹12.05 crore over diverted IPO proceeds
Tarini International Ltd · Power project consultancy
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
End-use tracing of funds
Would have traced IPO money to group entities.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Ownership / related-party links
Would have linked the recipients to the promoters.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Where Kubr services would have helped
Borrower monitor
Offered in India- C3 Would have linked the recipients to the promoters.
- C6 Would have traced IPO money to group entities.
Proceeds tracer
Offered in India- C3 Would have linked the recipients to the promoters.
- C6 Would have traced IPO money to group entities.
Verified Snapshot
Offered in India- C3 Would have linked the recipients to the promoters.
Financial diligence
Offered in India- C3 Would have linked the recipients to the promoters.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.