Mumbai: Confident that reforms in the IPO market will improve the ease of doing business in the country, Sebi chief U.K. Sinha has said the regulator is also determined to bring fraudsters to book and has attached assets worth Rs 2,000 crore to protect investors’ interest.
Mr Sinha also said that the special court, set up here to hear cases filed by the regulator, would help fast-track the prosecution and recovery proceedings against the defaulters and get the investors their money back expeditiously.
A decision to set up special courts was taken following amendments to the Sebi Act last year, which also provided greater powers to the Sebi in delivering its mandate to protect the interest of the investors and regulate the capital markets. He said the new powers have been very helpful to Sebi in delivering its mandate and for bringing to book the defaulters including those defrauding the investors.
