Stock market fraud: Court orders FIR against ex-Sebi chief Madhabi, 5 others

A special ACB court in Mumbai has ordered the filing of an FIR against former SEBI chief Madhabi Puri Buch and other officials for alleged regulatory lapses and collusion related to a company’s IPO listing in 1994. SEBI plans to challenge the order.

​A special ACB court in Mumbai has ordered the filing of an FIR against former SEBI chief Madhabi Puri Buch and other officials for alleged regulatory lapses and collusion related to a company’s IPO listing in 1994. SEBI plans to challenge the order.