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SEBI to now auction jewellery, ornaments of defaulters

SEBI to now auction jewellery, ornaments of defaulters

Monday, March 20, 2017, 3:47 PM

After putting the hammer land and buildings of various defaulters, regulator SEBI will now auction jewellery and ornaments of a Maharashtra-based group for recovery of funds worth thousands of crores raised from the public through illicit schemes. As part of the recovery proceedings, Sebi will e-auction 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group that the regulator has attached.
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