Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
Line
Home > Money > PTI > Report
April 18, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

BSE board favours sacking finance director

The 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:
The Capital Markets Crisis

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report