Attach bank accounts of ex-promoters of DHFL: Sebi


NEW DELHI: Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan – former promoters of Dewan Housing Finance – to recover dues totalling over Rs 22 lakh.
This came after the brothers failed to pay the fine imposed on them by Sebi in July last year in a case concerning the flouting of disclosure norms. The pending dues of Rs 10.6 lakh each from the Wadhawans comprise the initial penalty amount, interest, and recovery cost, it added.
In July 2023, the regulator imposed a Rs 10 lakh penalty each on Wadhawans, who were promoters of DHFL, for flouting disclosure norms. Kapil Wadhawan was the chairman & MD, while Dheeraj Wadhawan was a non-executive director.

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