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SEBI gives clean chit to NSDL in IPO scam case
The Securities and Exchange Board (SEBI) in its board meet on Tuesday is understood to have given a clean chit to NSDL in the 2005 IPO scam case.
The Securities and Exchange Board (SEBI) in its board meet on Tuesday is understood to have given a clean chit to NSDL in the 2005 IPO scam case.
The board had viewed the proceedings afresh in the matter in its last board meeting.
The show-cause is now understood to be withdrawn and the final order will come out in the due course.
The move is a boost to SEBI Chairman CB Bhave, who was heading NSDL at the time of the scam. Bhave had recused himself from all the proceedings.
