Court orders FIR against ex-SEBI chief Madhabi Buch over stock market fraud

A special court in Mumbai has directed the Anti-Corruption Bureau to lodge an FIR against former SEBI Chairperson Madhabi Puri Buch and five others over alleged stock market fraud. "There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe," the judge said. Moreover, the court said that it will monitor the probe.