Ludhiana
He hogged the limelight for over 10 months after he took charge of the Ludhiana Stock Exchange (LSE) as chairman in December 2007. As one of the shareholders of LSE, S P Sharma was inducted as the director shareholder in the first week of December and within a week, the board of directors decided to elevate him to the post of chairman. A trained lawyer, Sharma tried to bring about some changes in the working of the exchange and subsequently drew flak from his colleagues. He even sent the proposals to the Security Exchange Board of India (SEBI) to inquire into 'illegal' trading by a few of the brokers. A team had also visited the exchange in this regard.
However, Sharma started facing stiff protest which forced him to quit his job in September 2008.
Talking to Newsline, he said, “I decided to quit because I was feeling suffocated at my workplace. But I have no regrets.”
Sharma also raised objections to a property purchased by the exchange in Tagore Nagar. He said, “The property in question can only to be used for charitable purposes and LSE is no longer a charitable organisation. So I had pointed out this flaw.” At present, there are plans to open a mini exchange on the land.
