India, March 3 -- A special court on Saturday directed the Anti-Corruption Bureau (ACB) to register a First Information Report (FIR) against former SEBI chairperson Madhabi Puri Buch and five others in connection with allegations relating to financial fraud, regulatory violations and corruption.

The order, delivered by a special ACB court, came a day after Buch completed her tenure as chairperson of market regulator, the Securities and Exchange Board of India (SEBI).

It was delivered on a complaint filed by Thane-based journalist Sapan Shrivastava, who alleged that SEBI had permitted the listing of a company on the Bombay Stock Exchange (BSE) even though it failed to meet regulatory conditions under the SEBI Act, 1992. The allegedly fra...