The Securities and Exchange Board of India on 7th July 2022, warned the public against fraudulent phone calls, emails and messages about refund of money. It has come to the notice of SEBI that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.
Therefore SEBI cautions the public against such false claims of refund and cautions them against parting with any documents / money on such calls / emails/ messages etc.
Further SEBI has stated that it does not seek processing fees or money in any form in cases where money are to be refunded as per court order etc. The public / investors may also note that the employee directory of SEBI and details of refund process initiated by SEBI, if any, are available on SEBI website (www.sebi.gov.in) which may be checked on receiving such calls / e-mails / messages.
