The cash totalling over Rs. 23 crore, received from various banks pursuant to these orders, has been invested in a term deposit for now, while investments worth about Rs. 28 crore in mutual funds and demat accounts have also been frozen, sources said.
After passing its attachment orders, SEBI informed all banks, depositories, mutual funds and non-banking finance companies, among others, about the matter and also requested the RBI to direct chiefs of the banks to transfer the money of Sahara firms to a designated Sebi account.
SEBI had also approached the Collectors of 600 districts to request them not to permit the concerned Sahara entities and persons from any sale or transfer of properties attached by the regulator. As a result, district collectors and revenue officers from various parts of the country have provided SEBI details of over 450 acres of land belonging to Saharas, sources added.