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Money > PTI > Report April 18, 2001 |
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BSE board favours sacking finance directorThe governing board of the Bombay Stock Exchange has tentatively recommended termination of service of its finance director A A Tirodkar for 'loss of confidence' following allegations of his involvement in leaking market sensitive information. The board has recommended termination of service subject to personal hearing of Tirodkar's submissions to the governing board at its next meeting on May 3, BSE said in a release after the meeting in Bombay on Wednesday. A three-member committee of BSE was set up to probe Tirodkar's alleged role into leaking market sensitive information to four brokers of the bull cartel. Wednesday's 10-member board meeting was the first after Securities and Exchange Board of India submitted its preliminary report on alleged market manipulation to Finance Minister Yashwant Sinha on Sunday last. Sebi had recorded Tirodkar's statement in connection with Rathi's case of involvement in bear hammering. ALSO READ:
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