Sebi orders bank accounts attachment in Pyramid Saimira case

Comments 0
SummaryIt is further ordered with immediate effect that no debit would be made in these accounts

concerns that Saminathan "may dispose of the amounts/proceeds in the bank accounts" held with the banks and "realisation of amount due".

Besides, Sebi has asked banks to provide details of all accounts including lockers held by Saminathan, copy of account statements, confirmation of attachment of the said accounts.

As of March 31, 2013, more than 1,300 individuals and companies have defaulted in making the payments towards penalties imposed against them for various offences.

Collectively, these defaulters, which include listed companies, brokers, merchant bankers and others, are required to pay about Rs 120 crore to Sebi.

Single Page Format
Ads by Google

More from Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...