Drug company Wockhardt has rejected claims concerning rent payments made by Carol Info Services and their alleged link to recent orders from the Securities and Exchange Board of India (SEBI) related to the firm.
In a regulatory filing issued late Friday, Wockhardt firmly denied these allegations, calling them “completely baseless and misleading.”
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The company emphasized that it has always acted and will continue to act in full compliance with all relevant laws.
On Friday, Pawan Khera, head of the Congress’ media and publicity department, alleged that between 2018 and 2024, Madhabi Buch—who served as a whole-time member and later as chairperson of SEBI—received rental income totaling Rs 2.16 crore from Carol Info Services, a company linked to Wockhardt.
Wockhardt, based in Mumbai, is under investigation by SEBI for several issues, including insider trading cases from 2023, Khera said during a press conference at the AICC headquarters in Delhi.
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