The former Chairperson of the Indian Securities and Stock Exchange Ajay Tyagi stressed that the regulator did not hide investigations from colocation and ill-fiber scam in the NSE the country’s biggest stock exchange.
“We really didn’t hide anything five years in Sebi.
The regulator has been under the supervision of the Ministry of Finance for Handling NSE Scam with Finance Minister Nirmala Sitharaman suggested recently that he was examining the role of this problem.
While the NSE colocation case came out through the Whistleblower complaint in 2015, the investigation and commands came in Tyagi’s work period, which was the head of the SEBI from February 2017 to February 2022.
The former director all the time Madhabi Puri Buch has assumed the office as the chairman of the new one from March 1.
The latest order in the case of colocation has imposed restrictions and penalties on former CEO of NSE Chitra Ramakrishna and COO Anand Subramanian, among others, for their role in the company’s crime and case colocation.
Sebi orders also denied Chitra Ramakrishna and NSE statements that were unknown people who directed the actions of the former CEO were people in NSE.
Tyagi said that he was satisfied at the end of his term of office and calculated handling regulators from the Covid-19 situation as one of the main achievements of his tenure
Tyagi, who pushed a few steps in corporate governance in his time, said that he hoped the shareholders would encourage the company to separate the role of the chairman and head of the executive officer.
In his last Biard meeting as chairman in February, the backteacked regulator of the rules mandated the separation of the chairman and the MD / CEO of the April 1 quoted a lack of compliance. Sebi makes voluntary rules for companies to obey.
Tyagi also said that the capital market regulator must work towards the implementation of a better regulation in the future and highlight the trafficking of people in the biggest problem for Sebi.
The post We have nothing to hide: Former SBI Head Ajay Tyagi at NSE Scam first appeared on Businessely.com.
