Subramanian Swamy alleges differential treatment by market regulator Sebi

Seeks the Sebi chair's intervention and probe in specific cases of violations

Politician and economist Subramanian Swamy has alleged inconsistency in implementing minimum public shareholding (MPS) norms and differential treatment to promoters of certain businesses by the Securities and Exchange Board of India (Sebi). 

In a letter to the current Sebi chairperson Madhabi Puri Buch, Swamy has sought her intervention to probe certain cases of violations of securities laws including MPS and disclosures of promoter shareholding.

In a tweet on Thursday evening, Swamy shared a screenshot of his letter to the markets regulator.

Swamy, in the letter dated December 5, alleged that the capital markets regulator took no action against certain companies