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Sebi directs CARE to initiate inquiry into top officials' past conduct


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Market regulator Securities and Exchange Board of India (Sebi) has directed to CARE Ratings to initiate a “full-fledged” inquiry into the past dealings of two former officials of the company.

In question is the conduct of former Chairman SB Mainak and former MD & CEO Rajesh Mokashi. Both Individuals have left the company after allegations and forensic reports suggested lapses in the rating process.

“Considering the seriousness of the alleged violations and the observations made ...


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