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Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders

01:22 PM Sep 07, 2024 | PTI |

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.

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“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.

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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.

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