Exclusive | Watch Guj CM Vijay Rupani Respond to SEBI Allegations
SEBI reportedly fined 22 entities, including Rupani’s firm, for alleged manipulative trading in a company’s shares.
advertisement
Gujarat Chief Minister and BJP leader Vijay Rupani claimed that Rahul Gandhi only delivered what he was spoon-fed on the functioning of Security and Exchange Board of India (SEBI) before his campaigns.
This remark was made in an exclusive interview to The Quint’s Editorial Director Sanjay Pugalia after Gandhi, in a campaign, claimed that the share market regulator had termed Rupani ‘dishonest’ and imposed a fine on him.
SEBI has reportedly fined 22 entities, including Rupani's Hindu Undivided Family (HUF), for alleged manipulative trading in the shares of a company, Saran Chemicals Ltd, during the January - June 2011 period.
However, Rupani claimed that when he bought the shares worth Rs 63,000, he was neither an MLA nor a CM. Having maintained that there was nothing illegal about this transaction, he claimed that the Securities Appellate Tribunal set aside the fine of Rs 6.91 crore imposed on 22 entities, including his firm.
During the course of the interview, Rupani also talked about job availability as well as the measures undertaken in the education and agricultural sectors in Gujarat. He asserted that the BJP is “confident of winning 150 seats” in the 182 member Assembly.
Watch the full interview here.
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)