The Hindu Business Line : BSE working with SEBI on Satyam insider trading probe

Mr M.L. Soneji, COO of the exchange, however, did not answer specific queries on if the exchange had found any irregularities. He was here on Thursday with Mr Jagdish Capoor, BSE Chairman, in connection with an interactive session at the Indian Chamber of Commerce on the capital market.

Mr Capoor said this time fingers have not been pointed at the exchanges. He said there was nothing upfront to suggest insider trading.

He, however, wondered if multiple investigation agencies acting at the same time was an ideal situation. “I am not sure if all the agencies launching investigation all at the same time was the best way to bring out the truth expeditiously. With so many agencies involved they would not be able to avoid stepping on each other toes. Further, the accused being sent behind bars would also hamper flow of information from his side. If there is also seizure of records by one or the other investigating agency, the outcome may further get delayed,” Mr Capoor said.

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