Securities & Exchange Board of India (SEBI) issues list of 'most wanted defaulters' - all untraceable!

MUMBAI: In a bizarre development, the Securities & Exchange Board of India (SEBI) has released a list of some nine Income Tax Department defaulters comprising companies and individuals who have reportedly gone 'missing' and untraceable.

The matter came to light when the SEBI Recovery Officers attempted to serve the notices of demand on these defaulters against whom the Recovery Certificates have been drawn up.

Some of the defaulters who have to cough out unspecified amounts of dues, are missing for the past nearly two years, and some others untraceable for the past two weeks, from one or multiple addresses available with the market regulator.

They are: MYNK1906 Industries India Ltd, with three known addresses, one at Vile Parle and two in south Mumbai; Inducon India Ltd., with two addresses, one each in south Mumbai and Andheri, (both untraceable since April 27, 2021). (IANS)

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