Sebi confirms restrictions on Maitreya

Mumbai: The Securities and Exchange Board of India  (Sebi) on Friday confirmed its order against Maitreya Plotters and Structures and its directors that restricted the firm and the company from running illicit investment scheme in name of realty business and raising funds from public through such activities. According to the market regulator, documents furnished by the company indicate that it has collected such large amounts of money from 77 investors. “Thus the prima facie view taken in the interim order that such money was collected from investors (public) cannot be ignored, till a conclusion is arrived at,” the Securities and Exchange Board of India (Sebi) said in an order.