These individuals have either not paid investors’ money or not cleared fines imposed on them
Sebi has urged citizens to alert it if they have any info on the defaulters
Capital markets regulator Sebi has come out with a list of 25 defaulters, who are found to be untraceable.
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These defaulters failed to return investors’ money or failed to pay fines imposed on them by the regulator for various offences related to the securities market.
Publishing the details of the untraceable defaulters on its website on Wednesday, Sebi said the recovery certificates were drawn up against these individuals by the regulator’s recovery officer.
However, these notices could not be served to the defaulters at their last known addresses.
The regulator has asked these defaulters to contact Sebi’s recovery officer by sending a letter or an e-mail by March 24, 2022. “Further, if any person is aware of the whereabouts of the defaulter (s)...detail of the same may be provided by sending a letter to the recovery officer... or an e-mail... by March 24, 2022,” it added.
Kanaiyalal Joshi, Santosh Krishna Pawar, Chetan Mehta, Mukund Yadu Jambhale, Ankit k Agarwal, Jayesh Shah, Sureshkumar Jain, Praveen Vasisth, Rajesh T Dambre, and Jayesh Kumar Shah are among the defaulters.
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