ED attaches assets worth ₹134 crore in Karvy group scam thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
In an email to the regulator sent in August, the Association of National Exchange Members of India said that clients were facing ‘link-related difficulties’.
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.9 crore on four former key officials of Karvy Stock Broking Ltd (KSBL) for several violations, including non-segregation of clients funds and securities, misappropriation of clients securities and diverting proceeds to group companies and illegally pledging credit clients securities with banks and non-banking finance companies (NBFCs).
A penalty of Rs 1 crore has been levied on Krishna Hari G, whereas Raju has been ordered to pay Rs 40 lakhs and Gurazada and Mahesh have been ordered to pay Rs 30 lakhs and Rs 20 lakhs respectively