Court refuses to quash Sebi case against Sahara chief

A special court in India has refused to dismiss a case against Sahara India Real Estate and its deceased chief, Subrata Roy, in a criminal matter investigated by the Securities & Exchange Board of India (SEBI). The court ruled that SEBI, as a body incorporated to protect the interests of investors and the security market, has the power to investigate. The court also noted that there is no parallel investigation being conducted by any other authority.

from Times of India https://ift.tt/WF8KxvH