INSUBCONTINENT EXCLUSIVE:
MUMBAI: Observing that the Securities - Exchange Board of India (Sebi) is a body incorporated with an objective to protect the interest of
investors and the security market and in view of the powers conferred, it can investigate a special court has refused to dismiss the case
against Sahara India Real Estate, now deceased Sahara chief Subrata Roy, and others in criminal matter investigated by the regulatory
authority.The accused had moved to court seeking dismissal on grounds that Sebi is not entitled to proceed with the complaint in view of
probe carried out by the Serious Fraud Investigation Office (SFIO).In an order of November 1, the special judge said that cognisance of the
complaint was taken, charges framed, and evidence of witnesses partly recoded
Serious Fraud Investigation Officer for any investigation as after taking cognisance and framing of charge, this court has to decide case on
