BSE chief offers to quit

By Our Special Correspondent

MUMBAI, MARCH 7. The Bombay Stock Exchange (BSE) president, Mr. Anand Rathi, has offered to submit his resignation to the Board of the exchange which is meeting tomorrow. This comes in the wake of allegations of his involvement in a recent crisis in the stock market. However, he has denied all the allegations.

In a press statement, Mr. Rathi said that in the last few days allegations were being made against the BSE and particularly its office-bearers. ``Since the BSE has made phenomenal progress in the last few years on all the fronts, whenever any problems appear in the market efforts are made to target the BSE, but the names of other exchanges are not even mentioned in these reports, though there is substantial turnover in such exchanges.''

Send this article to Friends by E-Mail

Section  : Front Page
Previous : Capital market safe, says Sinha
Next     : TMC mounts pressure on Cong. to accept AIADMK's
           delink proposal