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Get latest articles and stories on Latest News at LatestLY. Markets regulator Sebi on Wednesday ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley Hotels and Entertainment Ltd and its then directors to recover investors dues totalling over Rs 5,000 crore. Latest News | Sebi Orders Attachment of Bank, Demat Accounts of Rose Valley, 4 Others to Recover over Rs 5,000 Cr. ....
This comes after they failed to comply with Sebi directions to refund the investors. In November 2017, the regulator had ordered Rose Valley and its then directors to refund thousands of crores to investors who had parked money in holiday membership plans of the group as it declared those schemes as illegal, , Rose Valley money laundering case, sebi ....