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March 23, 2001
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Money > Business Headlines > Report March 23, 2001 |
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3 BSE directors put in papersThree suspended broker-directors on the Bombay Stock Exchange (BSE) resigned from the governing board on Thursday, a senior Sebi official said. However, a BSE spokesman neither confirmed or denied any such development. The broker-directors concerned are Jayesh Sheth, Kirit Shah and Niranjan Nanavati. Meanwhile, BSE vice-president Deena Mehta said in a press statement that she had neither heard any conversation nor had been privy to or sought any information or benefitted from the same. She has requested Sebi "to expedite the order and restore me as a member of the governing board of the Bombay Stock Exchange within 7 days" of the hearing.(which was conducted on Thursday). At the hearing today at Sebi, the suspended broker-directors of Bombay Stock Exchange , Deena Mehta, Motilal Oswal and Himanshu Kaji, were represented by their respective lawyers. Sebi chairman D R Mehta will be giving his judgement on the matter in little more than a week after written depositions are made by the directors concerned. The questions at the hearing revolved around trades and transactions done by the suspended directors, their knowledge of the alleged conversation which took place between the then president of the exchange, Anand Rathi, and the surveillance department of the exchange.
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