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Chief Business Strategy Officer was a clearing agent and thus, his job was not that of a stockbroker but merely of acting as a facilitator between the stock exchange and the broker.
V. Vijaya Sai Reddy was a sitting member of Rajya Sabha and the baseless allegations made in the impugned videos and posts had the potential of adversely affecting his political career and reputation which had been built carefully over the years.
It was said that the allegations asserted did not seem to be premised on a public record document such as a criminal case that was registered or pending against Dhanya Rajendran.