Former Home Secretary G K Pillai on Friday resigned as Chairman of MCX Stock Exchange, even as the government and market regulator Sebi tried to assuage stakeholders' concerns arising out of the bourse coming under CBI scanner.
The resignation came hours ahead of a scheduled board meeting of MCX-SX, where former lIC Chairman Thomas Mathew has taken over as new Chairman.Sebi is looking at ways to assuage the concerns of investors, trading members and other stakeholders in MCX-SX, according to senior officials. Meanwhile, Finance Minister P Chidambaram said he hopes that directors of MCX-SX would act in public interest and that there was an orderly resolution of the crisis after a Preliminary Enquiry registered by CBI into the grant of licence to the exchange way back in 2008 and the subsequent renewals.