“In the said case, this was done without their consent and misusing the power of attorney. The securities were transferred into the demat account of KSBL and pledged before the bank for margin and short term requirement in the business of KSBL from March, 2013,” the police said in a press release.source https://economictimes.indiatimes.com/industry/banking/finance/banking/karvy-stock-broking-case-cfo-coo-arrested/articleshow/85870253.cms
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