Brief by Shorts91NewsDesk / 01:47pm on 02 Mar 2025,Sunday India
A Mumbai Anti-Corruption Bureau (ACB) court has ordered an FIR against former SEBI Chairperson Madhabi Puri Buch, three SEBI officials, and two BSE executives over alleged stock market fraud linked to a 1994 IPO. SEBI called the complaint "frivolous" and announced plans to challenge the order, arguing it was not given a chance to present its case. The court has instructed the ACB to submit a report within 30 days, closely monitoring the investigation. This comes after Buch’s recent term completion, amid scrutiny over regulatory lapses. SEBI remains firm in contesting the ruling.
