Capital markets regulator Sebi has sent demand notices to industrialist Venugopal Dhoot and two other entities, asking them to pay nearly Rs 1.03 crore for insider trading activities in the shares of Videocon Industries.
The regulator has warned Venugopal Dhoot of arrest and attachment of his bank accounts and assets as well as other entities if they fail to make the payment within 15 days.
Apart from Dhoot, the other two entities who have been sent notices are Electroparts (India) Pvt Ltd and Videocon Realty and Infrastructures.
The demand notices came after these entities, including Dhoot, failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in September 2021.
In the event of non-payment of dues, the market watchdog will recover the amount by attaching and selling the moveable and immovable properties of these entities, the regulator said in three separate notices.
Besides, they face attachment of their bank accounts and detention.
In Sept
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