Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders
It said the company has acted and continues to act in compliance with all applicable laws.
Drug firm Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company.
"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday.
It said the company has acted and continues to act in compliance with all applicable laws.
On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch - as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) - had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.
Mumbai-based Wockhardt was being investigated by SEBI for various cases, including that of insider trading during 2023, he said at a press conference at the AICC headquarters in Delhi.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Amrit Vrishti FD vs Central Bank of India 444-day FD: Which gives higher return to senior citizens on Rs 10 lakh and Rs 20 lakh investments
SIP Calculator: How soon can you build Rs 2 crore retirement corpus by investing Rs 5,100, Rs 11,000 or Rs 21,000 a month; see examples
SBI Sarvottam FD vs Union Bank Sumvridhi FD For Senior Citizens: What will be returns on Rs 5 lakh investment in each guaranteed return scheme
12:03 PM IST