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Regular-article-logo Friday, 05 September 2025

DEENA MEHTA MEETS SEBI CHIEF, PLEADS INNOCENCE 

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FROM OUR CORRESPONDENT Published 22.03.01, 12:00 AM
Mumbai, March 22 :    Mumbai, March 22:  Broker members of the Bombay Stock Exchange (BSE), led by former president Deena Mehta, today met Securities and Exchange Board of India (Sebi) chairman D. R. Mehta and placed their respective views before the regulatory body. While the Sebi chairman refused to comment on the hearing, Mehta said she had requested the chairman to expedite the investigations and restore innocent members of the governing board to their positions within seven days of the hearing. She said her company, with an ISO-9002 certification, was the first corporate member of the bourse and neither she nor any of its promoters had undertaken any proprietary trading in the exchange. 'I have nothing to fear as I believe I am innocent,' she declared. 'I will stand up and fight this injustice, I have done nothing wrong.' The hearing on her case, presented by her lawyers, took two-and-a-half hours. A press statement issued by Mehta said: 'I have suo moto, given my total transaction logs of both BSE and NSE, since the conversation took place, to Sebi. This has been done to facilitate speedy inspection and determination of the matter.' 'I neither heard any conversation nor have I been privy to, or sought any information, nor benefited from such information.' Sources added that the Sebi officials asked very few questions. The market watchdog heard the six broker directors in connection with its orders restraining them from acting as directors following their alleged involvement in price manipulations on the BSE. None of the brokers were present and were instead represented by their legal counsel at the hearing. Former BSE president Anand Rathi's counsel had made oral submissions yesterday.    
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