Court orders release of mutual fund units to Dalmia Bharat

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India: The Supreme Court has ruled that depository and clearing agent IL&FS Securities Services (ISSL) release US$52.4m to Dalmia Cement owner Dalmia Bharat. The money was alleged stolen by Allied Financial Services in 2019, according to the Economic Times newspaper. The trial concerning the alleged theft of mutual fund units continues.

URL: https://www.globalcement.com/news/item/12145-court-orders-release-of-mutual-fund-units-to-dalmia-bharat

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