Sebi orders release of an individual's bank and demat accounts

NEW DELHI: Markets regulator the Sebi has ordered release of bank and demat accounts of one individual after recovering dues of Rs 7.21 lakh. The amount recovered by Sebi includes "interest and cost towards full and final settlement". The banks, depositories -- NSDL and CDSL -- and mutual funds are directed to "release the bank accounts/ lockers, demat accounts and mutual fund folios" of Lakshmi Rajan, Sebi said in an order dated November 10. In October, the Securities and Exchange Board of India (Sebi) had ordered attachment of bank and demat accounts as well as mutual fund folios of Lakshmi Rajan to recover dues of around Rs 7.15 lakh.