ICICI seeks Sebi probe
Kamath said that the ICICI Bank has also sought a Sebi probe into the 'manipulation of its shares through a systematic pattern of rumours'
"There is a pattern to the whole thing. . . They (rumours) happen at a particular time and in a certain manner. . . in global context this type of rumours are the work of people who manipulate market. The rumours impact stock price and can be used as an effective tool to achieve certain ends," Kamath said.
Asked to name those behind the rumours, which he described as 'baseless and malicious', Kamath said, "I do not want to comment on this... it is for the market regulator and the government to find out."
Image: Securities and Exchange Board of India chairman C B Bhave (right) is escorted past a crowd in Mumbai. | Photograph: Pal Pillai/AFP/Getty Images
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