Sebi slaps notice on Venugopal Dhoot
Orders attachment of bank, demat, MF accounts of Videocon’s Dhoot to recover dues
Sebi cancels MMTC license
New Delhi Markets regulator Sebi has ordered the attachment of bank and demat accounts as well as mutual fund holdings of Videocon Group founder Venugopal Dhoot to recover dues totalling Rs5.16 lakh.
The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions. In an attachment notice on Monday, Sebi said the pending dues of Rs5.16 lakh include the initial fine of Rs 5 lakh, interest of Rs 15,000 and a recovery cost of Rs 1,000. To recover the dues, Sebi asked all banks, depositories — CDSL and NSDL — and mutual funds to not allow any debit from the accounts of Dhoot. However, credits have been permitted. Further, Sebi has directed banks to attach all accounts, including lockers, held by the defaulter.
