Wockhardt says acted as per laws, denies Congress' charges over affiliate rental payments to Sebi chief
Wockhardt has denied 'conflict of interest' and 'corruption' allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the Mumbai-based drugmaker is involved in multiple cases with market regulator, including that of insider trading.
Wockhardt called the allegations 'baseless and misleading'.
«It has come to our attention that there are certain allegations pertaining to payment of rent by Carol Info Services Limited and its connection with certain orders passed by SEBI in relation to the Company,» the company said in a statement to exchanges on Friday evening.
«In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading,» the statement added.
The company said it has acted and continues to act in compliance with all applicable laws.
Congress leader Pawan Khera in a press conference held at the All India Congress Committee (AICC) headquarters in Delhi on Friday, accused Buch of corruption and insider trading.
Khera alleged that Buch and her husband own a property in Mumbai, which was given on rent to a company called Carol Info Services Ltd, and is a part of Wockhardt Ltd., a firm that SEBI has been involved with in multiple cases, including that of insider trading.
«The company is called Carol Info Services Ltd. This is a part of a company called Wockhardt Ltd, they have the same promoters. Wockhardt is a
