Reward & Punishment

While on the ambiguous governance standards at SEBI, most people have forgotten Dr Mohan Gopal, the SEBI director who was part of the two-member bench (former RBI deputy governor Leeladhar was the other member), whose order was discarded, discredited and declared ‘null and void’ by the SEBI board in order to protect chairman CB Bhave. The orders had been suppressed for a year and made public...

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