Sebi orders attachment of bank accounts of Venugopal Dhoot, Electroparts

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Sebi orders attachment of bank accounts of Venugopal Dhoot, Electroparts - Business Standard

Quick Summary:

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.

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.