The Bombay High Court granted relief to former Securities & Exchange Board of India (SEBI) chief Madhabi Puri Buch on Tuesday by staying a special Anti-Corruption Bureau (ACB) court's order directing a First Information Report (FIR) to be filed against her for alleged stock market fraud and regulatory violations.
Coming as a relief for the former SEBI chief Madhabi Puri Buch and others involved in the case, the Bombay High Court on Tuesday ordered a stay on a special court order seeking a First Information Report (FIR).
A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations.
SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch, on Friday, issued a detailed statement denying a host of allegations recently levelled by the Congress Party against them.
“The hard-earned money of 10 crore stock market investors has been jeopardised by this ‘mega scandal’ choreographed by Modi ji,” the Congress president said.
The Congress on Thursday reiterated its demand for resignation of Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, days after the party accused her of conflict of interest.
The new Hindenburg report alleged that the Buchs held hidden stakes in offshore entities linked to the Adani Group.
