Capital markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of Venugopal Dhoot and Videocon industries’ promoter entity Electroparts (India) to recover dues of around Rs 68.5 lakh.
Before this, the regulator on September 30 sent a notice to Videocon Industries’ promoter entity Electroparts (India) Pvt Ltd and its Chief Executive Officer (CEO) Venugopal Dhoot and asked them to pay dues within 15 days in a case on insider trading activities in the shares of Videocon Industries.
The attachment notice came after Dhoot and Electroparts (India) failed to pay the fine imposed on them.
In two attachment orders passed on Friday, the markets watchdog has ordered the attachment of bank, demat accounts and mutual fund folios of Venugopal Dhoot and Electroparts (India) to recover the pending dues.
Going by the notices, dues of Rs 68.52 lakh were pending with Dhoot and Electroparts (India), which includes interest and recovery costs.
As per the
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