Subhash Chandra accuses SEBI chief of corruption and bias, leading to Zee-Sony merger collapse; plans legal action and urges companies to join.

Subhash Chandra, founder of Zee Entertainment, has accused SEBI chief Madhabi Puri Buch of corruption and bias, suggesting her actions led to the collapse of the Zee-Sony merger. He plans to take legal action and has urged other companies to join him against SEBI. Chandra claims Buch's alleged financial misconduct affected minority shareholders and has decided to stop cooperating with the regulator, which he accuses of conducting a biased investigation against him and his son.

September 02, 2024
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