27 December,2022 12:22 PM IST | Mumbai | ANI
SEBI.
Markets regulator SEBI has ordered the attachment of bank and demat accounts of the Sahara Group firm, its chief Subrata Roy and others to recover Rs 6.42 crore in the matter of violating norms in the issuance of optionally fully convertible debentures (OFCDs).
The proceedings against Sahara India Real Estate Corporation, Sahara Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava included interest, all costs, charges and expenses, the SEBI said in a statement on Monday.
Also read: CM Eknath Shinde to move resolution in state assembly over Maharashtra-Karnataka border dispute
The Securities and Exchange Board of India (SEBI) also ordered to attach all demat accounts, the mutual funds of the accounts of Sahara India Real Estate Corp, Subrata Roy, Ashok Roy Choudhary, Dubey and Bharrgava. It also said no debit shall be made in the said accounts until further notice. However, credits, if any, into the accounts may be allowed.
ALSO READ
Won't tolerate if anyone calls Shivaji Maharaj a looter: Maharashtra Deputy CM
Ticket inspectors save passenger from coming under Mumbai-Kolhapur train
Maharashtra Governor Radhakrishnan joins Paryushan Mahaparva 2024 in Mumbai
Fire breaks out in high-rise at Kurla in Mumbai, three injured
Abu Dhabi Crown Prince to visit Mumbai on Sept 9 to take part in business forum
In its order in June, the regulator levied a penalty totalling Rs 6 crore on Sahara India Real Estate Corp, Subrata Roy, Ashok Roy Choudhary, Dubey and Bharrgava.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.