The Securities and Exchange Board of India (SEBI) has frozen the bank and demat accounts of three former executives of the group to recover Rs 1.80 crore for misappropriation of clients’ funds by Karvy Stock Broking Limited (KSBL). Ordered to be confiscated.
SEBI on Tuesday said in three attachment orders, interest recovery action of Rs 1.80 crore against KSBL’s former vice-president (finance and accounts) Krishna Hari Ji, KSBL’s former compliance officer Srikrishna Gurjada and KSBL’s general manager back office operations Srinivas Raju. , All costs, fees and expenses are included.
