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Capital market regulator Sebi has ordered attachment of bank and demat accounts of three companies and their directors to recover dues totalling over Rs 47 crore. The companies are Vee Realties, Shah Group Builders, Sunshine Global Agro.
The pending dues include fine imposed along with interest, charges, expenses and other costs. The latest orders came after the entities failed to comply with Sebi's earlier directions wherein they were asked to refund investor's money raised illegally. The attachment order of accounts of Vee Realties is to recover Rs 22.41 crore. Sebi has to recover Rs 21.49 crore and Rs 3.62 crore from Sunshine Global Agro and Shah Group Builders, respectively. In three separate orders, the Securities and Exchange Board of India (Sebi) has directed banks to attach all accounts, including lockers, held by the entities and has directed depositories - NSDL and CDSL - to attach all demat accounts of the defaulters. The watchdog has also asked for various details of the accounts held by the entities, including account statements. Sebi has been given power to attach properties and bank accounts, among other things, of persons and entities which have failed to comply with directions involving payment of penalties and other dues.
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