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SUBRAMANIAN SWAMY MOVES DELHI HC AGAINST AXIS BANK, METLIFE
The Daily Guardian
|February 16, 2024
Plea alleged that there was certainly a well-thought-out conspiracy, per which Axis Bank Limited and its group companies were allowed to make undue profits/ gains from purchase and sale of equity shares of Max Life, thereby misusing its dual relationship with Max Life as its shareholder and corporate agent.
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Former Rajya Sabha MP Subramanian Swamy on Thursday moved the Delhi High Court seeking direction to form a Committee consisting of experts to investigate alleged fraudulent acts of M/s Max Life Insurance Co. Ltd and M/s Max Financial Services Ltd in allowing their shareholder/Axis Bank Ltd and its group companies viz. Axis Securities Ltd and Axis Capital Ltd to make undue profits/gains from the purchase and sale of equity shares of Max Life in non-transparent manner.
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