Subrata Roy Demise: Sebi Reacts On Sahara Matter, Here’s What Chairperson Buch Said
Securities and Exchange Board of India chairperson Madhabi Puri Buch on Thursday said the Sahara matter will continue for the capital markets regulator even after the death of the group’s founder Subrata Roy.Speaking to reporters on the sidelines of a Ficci event, Buch said for Sebi, the matter was about an entity’s conduct and it will continue regardless of whether an individual is alive or not.Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness.Rs 25,000 crore with SebiThe undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi’s account have come back into focus after the demise of Roy.He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing re...