'Christie fiction': Biocon chief slams Sebi order on Allegro Capital

The case dates back to January 2018, when Biocon had announced an exclusive global collaboration with Sandoz on next-generation biosimilars

An order by stock market regulator Securities and Exchange Board of India (Sebi), punishing an employee of a Biocon-funded charitable foundation for insider trading, has raised the hackles of Biocon Chairperson Kiran Mazumdar-Shaw, who called the Sebi judgment an “Agatha Christie fiction” meant to damage the reputation of “innocent people”.

“The order is pure harassment and has caused huge reputational damage to us and goes against the principles of good governance promised by this government,” Mazumdar-Shaw told Business Standard. “The order reads like an Agatha Christie murder mystery and is a pure work of fiction,” Mazumdar-Shaw said.

In the order