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Record market abuse fine for "enhancement job"

And the biggest-ever fine by the FSA for an individual goes to… Dubai-based private investor Rameshkumar Goenka, who was sanctioned over £6 million for manipulating the closing price of Reliance Industries securities on the London Stock Exchange. The fine was based on an approximately £4 million penalty and around £2 million went to reimburse the bank that overpaid Goenka as a result of his market abuse.