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SEBI orders attachment of bank, demat accounts of Sahara firm, Subrata Roy

The Securities and Exchange Board of India (SEBI) also ordered to attach all demat accounts, the mutual funds of the accounts of Sahara India Real Estate Corp, Subrata Roy, Ashok Roy Choudhary, Dubey and Bharrgava.

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SEBI.

SEBI.

Markets regulator SEBI has ordered the attachment of bank and demat accounts of the Sahara Group firm, its chief Subrata Roy and others to recover Rs 6.42 crore in the matter of violating norms in the issuance of optionally fully convertible debentures (OFCDs).

The proceedings against Sahara India Real Estate Corporation, Sahara Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava included interest, all costs, charges and expenses, the SEBI said in a statement on Monday.

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