Sebi says issued 154 attachment notices so far

Regulator has recovered over Rs 10 lakh by attaching bank account of entities charged for IPO irregularities in 2009

After getting new powers, Securities and Exchange Board of India (Sebi) issued 154 bank attachment notices for recovering Rs 1,545 crore from defaulters.

The Securities Laws (Amendment) Ordinance, 2013 was promulgated in In July that gave powers of conducting search and seizure and attaching properties to Sebi.

Sebi, in a release, today said it is in the process of ascertaining the amounts available in the bank accounts held by defaulters.

The regulator said it has recovered over Rs 10 lakh by attaching bank account of entities charged for IPO irregularities in 2009.

The regulator said the dues will be distributed to the unsuccessful investors in the IPO irregularities as recommended by the Justice Wadhwa Committee.