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SEBI orders Alchemist Infra to repay investors

June 23, 2013

Securities and Exchange Board of India (SEBI) has barred Alchemist Infra Realty, a part of Trinamool Congress MP KD Singh's Alchemist group, from raising money from investors. The regulator has also ordered the company to wind up its collective investment schemes and refund money collected to investors within three months.