Dynamite News Mumbai Court orders FIR against Ex-SEBI Chief Madhabi Puri Buch, 5 others
Madhavi Puri Buch, who completed her tenure as SEBI chief on Feb 28 last month, was the first woman to hold the position. Read further on Dynamite News:
Mumbai: A special Anti-Corruption Bureau (ACB) court in Mumbai has ordered to register an FIR against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and five others over alleged stock market fraud and regulatory violations.
In its order, Mumbai's special ACB court judge Shashikant Eknathrao Bangar said there was prima facie evidence of lapse and collusion against Buch.
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The court said that an impartial investigation is required in this case. The court said that it will monitor the investigation.
The court has sought a status report into the matter within 30 days.
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Madhavi Puri Buch, who completed her tenure on Feb 28 last month, was the first woman chief of SEBI.