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Spotlight is on Sebi's conduct
Hindustan Times East UP
|March 04, 2025
The regulator must not give the impression that it is keen on protecting its officials
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A special court ordering registration of FIRs against Madhabi Puri Buch, who just completed her tenure as the chairperson of the Securities and Exchange Board of India (Sebi) and five others, in connection to allegations of financial fraud, regulatory violations and corruption puts the market regulator under the spotlight again.
The Anti-Corruption Bureau (ACB) court said there was "prima facie evidence of regulatory lapses and collusion", which required "a fair and impartial probe". Sebi was quick to dismiss the allegations and has challenged the court order in the Bombay high court.
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