Markets regulator Sebi has ordered attachment of seven properties of Sunshine Global Agro and its five directors to recover investors' money amounting to over Rs 21 crore in an illegal fund raising case.
The properties being attached are land parcels located in Araria district of Bihar, according to a Sebi order dated July 30.
Earlier this month, the Securities and Exchange Board of India (Sebi) had ordered attachment of two other properties of Sunshine Global in the same case.
In October 2016, the regulator had initiated recovery proceedings against the firm and its five directors to recover dues amounting to Rs 21.49 crore along with interest.
The regulator has already attached the demat and bank accounts, and mutual fund portfolios of the entities after directives asking them to refund the investors were not complied with.
As per an earlier order, Sunshine Global had mobilised funds from investors under its schemes -- 'sale of Jhatropha Bush Group and sale of plant/trees' -- which were in the nature of unauthorised collective investment scheme (CIS).