Sebi orders freezing of demat, bank a/c of PACL’s 640 group companies Seeking to recover more than Rs 55,000 crore of investors’ money from PACL Group, regulator Sebi has ordered freezing of bank accounts as well as demat and mutual fund holdings of as many as 640 group entities. In a directive to various banks, … Read More →
As it tightens the noose on PACL for refunding over Rs 49,000 crore raised through illegal money pooling activities, Sebi has cautioned investors against yielding “to any pressure” from the group or its agents for converting existing schemes. Seen as one of the biggest ponzi schemes in the country, the market watchdog has set up … Read More →