Sebi attaches bank, demat a/c in Hit Kit Global case

Mumbai: Market watchdog the Securities and Exchange Board of India (Sebi), has ordered attachment of bank and demat accounts of four entities to recover dues worth about Rs 30.66 lakh in a case related to fraudulent trading in shares of Hit Kit Global Solutions. The Sebi has to recover Rs 11.38 lakh from Jayesh C Shah, Rs 8.55 lakh from one Jaiprakash Jain, Rs 7.17 lakh from Galaxy Broking and Rs 3.54 lakh from Shree Hari Hira Stock Broking.
The dues include penalties imposed on the entities for violating norms related to prohibition of fraudulent trading activities in the capital market.