Sebi orders attachment of bank, demat accounts of DMC Education, 2 directors

Capital markets regulator Sebi has ordered attachment of bank and demat accounts along with mutual fund holdings of DMC Education and two former directors of the entity to recover dues of nearly Rs 15.5 lakh.

In three separate orders, the regulator said there is sufficient reason to believe that the entities may dispose of the proceeds and securities in the respective bank, demat accounts and the realisation of amount due would in consequence be "delayed or obstructed."