The Bombay high court on Tuesday stayed a lower court order that directed the registration of a police report against Madhabi Puri Buch, former chairperson of the Securities and Exchange Board of India, and others in a case of alleged fraudulent listing of a company on BSE three decades ago. Apart from Buch, who recently stepped down as Sebi's chair, …
A special court has directed the Anti-Corruption Bureau to register a first information report against former SEBI chairperson Madhabi Puri Buch, the whole time members of the market regulator, and two BSE officials, on charges of alleged stock market fraud, regulatory violations, and corruption linked to the listing of a company in 1994. “SEBI would be initiating appropriate legal steps …
