New Delhi, March 2 – A court has directed the registration of a First Information Report (FIR) against the former chief of the Securities and Exchange Board of India (SEBI), the chairman of the Bombay Stock Exchange (BSE), and several top officials in connection with a fraud complaint.
The complaint alleges financial irregularities and misconduct by these officials, leading to potential losses for investors and stakeholders. The court’s directive comes after a preliminary examination of the evidence presented, which raised serious concerns about regulatory violations and unethical practices.
Authorities are expected to launch an investigation into the allegations, which could have significant implications for India’s financial markets. The accused officials have not yet responded to the court’s decision.
Further developments in the case are awaited as the investigation progresses.