Subhash Chandra alleged that Sebi under Buch scuttled Zee's merger deal with Sony Pictures Networks India through its "motivated investigation" against him and his son Punit Goenka, managing director and chief executive of Zee Entertainment. He noted that Sebi's confirmatory order banning Goenka from holding a top-level position in any listed entity was overturned by the Securities Appellate Tribunal.
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