Sebi has ordered the attachment of bank accounts as well as share and mutual fund holdings of an individual to recover about Rs 18 crore in the matter of Shree Ramkrishna Electro Controls Ltd. The recovery proceedings have been ordered against Chandrakant Bhargav Gole to recover Rs 5.74 crore collected by the company along with 15 per cent interest per annum i.e Rs 12.53 crore through the issuance of redeemable cumulative preference shares (RCPS) to investors, Sebi said in an attachment notice on Thursday. In its notice, Sebi asked banks, depositories and mutual funds not to allow any debit from …
