New Delhi, Dec. 15 -- Capital markets regulator Securities and Exchange Board of India (Sebi) has started recovery proceedings against Mohammad Nasiruddin Ansari, a finfluencer who owns 'Baap of Charts' (BoC), and Golden Syndicate Ventures, a company owned by him, for failure to pay dues worth Rs.21 lakh and Rs.17.90 crore, respectively, an order dated 15 December stated. The regulator has also begun proceedings against Rahul Rao Padamati to recover dues worth Rs.2.13 lakh.

Sebi had launched a crackdown on Ansari and his firm in 2023 when he was banned from trading in the securities market.

For those who are not aware, Ansari and his team had suffered a loss of Rs.3 crore in trading in the securities market over 2.5 years, which he had ...