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HC relief to Madhabi Buch, others in stock fraud case
The New Indian Express Coimbatore
|March 04, 2025
Maharashtra ACB asked not to register FIR as per special court order
The Bombay High Court on Monday asked the Maharashtra Anti-Corruption Bureau (ACB) not to act until March 4 on an order directing it to lodge an FIR against former Securities Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations.
Buch, Bombay Stock Exchange MD Sundararaman Ramamurthy and the others moved the HC on Monday, seeking to quash the March 1 order passed by a special court in Mumbai directing the ACB to register an FIR against them pertaining to certain allegations of fraud committed in 1994 while listing a company on the Bombay Stock Exchange.
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