SEBI Suspends Senior Officer Over Alleged Misconduct in SME Matter

The Securities and Exchange Board of India (SEBI) has suspended General Manager Achal Singh from its Corporation Finance Department over alleged misuse of official position related to an SME investigation. SEBI Chairman Tuhin Kanta Pandey emphasized the regulator's commitment to integrity, stating that while the case is preliminary, the evidence warranted immediate action. He affirmed that due process will be followed, ensuring the officer's right to respond, and highlighted the importance of maintaining ethical standards within SEBI.