Mumbai, March 2 -- A special Anti-Corruption court in Mumbai on Saturday directed the registration of an FIR against top officials of the Securities and Exchange Board of India (SEBI), including former Chairperson Madhabi Puri Buch, as well as the Bombay Stock Exchange (BSE), over allegations of stock market fraud and regulatory violations, media reports said.

The complaint further alleged collusion between SEBI officials and corporate entities, along with insider trading and the misappropriation of public funds post-listing.

However, none of the respondents were represented in the court proceedings.

Additional Public Prosecutors Prabhakar Tarange and Rajlaxmi Bhandari appeared on behalf of the Maharashtra government.

After reviewing ...