BSE board likely to discuss charges against chairman Sethurathnam Ravi

Sources say the board is likely to be apprised about the case and the role of the chairman in the said matter

The BSE plans to discuss the ongoing investigation against its chairman, Sethurathnam Ravi, named in the Central Bureau of Investigation’s (CBI’s) First Information Report in connection with the alleged ~6 billion IDBI-Aircel loan fraud. The board of directors of the exchange will meet on Friday to declare the March quarter results.
 
The CBI has registered a case against 38 people, including former Aircel promoter C Sivasankaran, his company’s executives, along with some of the public interest directors including Ravi, appointed by regulators.
 
Ravi had been nominated by market regulator Securities and Exchange Board of India (Sebi) as a