Mumbai: The Securities and Exchange Board of India or Sebi on Monday attached 134 immovable properties held by Saradha Realty India Ltd and its managing director Sudipta Sen, who were penalized by the regulator for running illegal deposit-taking schemes last year, in an attempt to recover dues of at least 774.33 crore.

Sebi said the two defaulters have failed to pay 774.33 crore and the returns that are due to investors from whom the two entities collected money without a legitimate collective investment scheme (CIS) licence.

The funds available in the bank accounts and the securities available in demat accounts of the two defaulters were not sufficient for recovery of the dues, the market regulator said in an order.

Apart from the 134 immovable properties, which mostly include lands and constructed properties, Sebi also ordered to attach the movable properties of Saradha and Sen in order to recover the dues.

Sebi directed the two entities to furnish the complete details of all their movable and immovable properties within two weeks.

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