Sebi Free From Political Meddling: Mehta

It is not merely a kind of statement usually made in response to a question of this sort. The reply is fully borne out by the action Sebi has been taking all these years without fear or favour, Mehta said, when asked to what extent the regulator was hampered by political interference.

In reply to a question on illegal badla and the action to be taken on the members of the Pune Stock Exchange governing board, Mehta said that the Pune board had already resigned and that the action taken would depend on the board's reply to the Sebi showcause notice and the hearing. In what was an otherwise incisive questioning session, there were no queries on either the controversial BOLT expansion or on short selling.

Mehta chose to duck a tricky question on the