Govt appoints lawyer Arun Sathe on Sebi's board

August 14, 2015 11:29

The government has appointed senior lawyer Arun P Sathe -- elder brother of Lok Sabha Speaker Sumitra Mahajan -- on the board of markets regulator Sebi, raising eyebrows about political nominations to key positions.
Sathe, who is also said to have been an RSS full-timer in the past and had unsuccessfully fought Lok Sabha elections as a Bharatiya Janata Party candidate in 1989 from Mumbai North-West against Congress' Sunil Dutt, has been appointed a 'Part-Time Member of the Securities and Exchange Board of India for a period of three years', the Finance Ministry said in a notification.

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