SC pulls up CBI, Sebi for lack of intent to probe Sammaan Capital

THE SUPREME COURT on Wednesday came down heavily on the CBI and Sebi for their “reluctance” to probe allegations of “dubious transactions” against Sammaan Capital (previously known as Indiabulls Housing Finance) and directed the director to hold a meeting with officials of Sebi, SFIO and the ED to look into the matter.

- FE BUREAU

Shares of the company slumped 12.47% to close at Rs 159.75 on the BSE.

Later in the day, Sammaan Capital said the Supreme Court’s order does not level any allegation against the company, and only allows regulators to reexamine concerns raised about its former promoter.

The matter will be heard next on December 17.