The most common and most likely answer to this crossword clue is the 8 letter word CHASTISE
I've seen this crossword clue in Financial Times
C
H
A
S
T
I
S
E
More clues leading to the result CHASTISE
- Charles when speaking secures wig
- Punish, in this case wrongly
- Coat of arms? It's woven in famous red carpet
- Take to task Charles over untidy site
- Scold is indecent
- Carpet is covered in 10
- Punish having hot drink on Sabbath in church
- Correct a chess move — take it back!
- It’s back in the race to beat one
- It’s correct to sit back in pursuit
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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does CHASTISE mean?
CHASTISE verb- To punish (someone), especially by corporal punishment.
- To castigate; to severely scold or censure (someone).
- To lightly criticize or correct (someone).