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SEBI Launches Rs 18.14 Crore Recovery Against ‘Baap of Chart’ For Unregistered Advisory

SEBI Launches Rs 18.14 Crore Recovery Against ‘Baap of Chart’ For Unregistered Advisory

The Securities and Exchange Board of India (SEBI) has initiated recovery proceedings to collect Rs 18.14 crore from Mohd Nasiruddin Ansari, popularly known as ‘Baap of Chart’, Rahul Rao Padamati, and Golden Syndicate Ventures for running unregistered investment advisory services. The amount includes penalties, interest, costs, and other charges as per Sebi’s earlier directions.

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