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Defaulters beware! Sebi to auction jewellery, gold if you fail to pay up

Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group

Press Trust of India  |  New Delhi 

After putting under the hammer land and buildings of various defaulters, regulator Sebi will now auction jewellery and ornaments of a Maharashtra-based group for recovery of funds worth thousands of crores raised from the public through illicit schemes. As part of the recovery proceedings, Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group that the regulator has attached. Besides, composite jewellery and ornaments with 50-carat weight of diamond and 254 grams of gold would be put under the hammer. The reserve price for the gold items has ...

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First Published: Mon, March 20 2017. 14:55 IST
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