New Delhi, Dec. 20 -- The market regulator, the Securities and Exchange Board of India, has imposed a penalty of Rs.50 lakh on four individuals for engaging in fraudulent practices involving the manipulation of G G Engineering Ltd.'s shares.

Manish Mishra, Sunil Bhandari, Rekha Bhandari, and Anshu Mishra will be required to pay the penalty together and individually.

"I observe that Manish Mishra, in collusion with Anshu Mishra, Rekha Bhandari, Sunil Bhandari, engaged in a coordinated scheme to induce investors to acquire securities of GGENG (GG Engineering) through uploading false and misleading videos on the YouTube Channels," Sebi's Adjudicating officer Amit Kapoor said in the order on Friday.

"As a part of the scheme, they created a...