Lucknow Press
SEBI Chairperson: American research firm Hindenburg Research made several serious allegations against capital market regulator SEBI’s Chairperson Madhabi Puri Buch. She was accused of taking advantage of her position and taking salary from other companies while being the SEBI Chairperson.
After Hindenburg’s revelations, the Congress party made a series of allegations against SEBI Chairperson Madhabi Puri Buch and held several press conferences. Now Madhabi Puri Buch has broken her silence on all the allegations made by Congress and Hindenburg.
What did SEBI Chairperson Madhabi Puri Buch say on the allegations
SEBI Chairperson Madhabi Puri Buch has finally broken her silence on the allegations. The statement has been issued in the name of Madhabi Puri and her husband Dhawal Buch. The SEBI Chairperson has issued a statement in her personal capacity on the allegations made by the Congress and Hinzenberg. She denied the questions raised on her integrity and the ‘propaganda’ being run.
What did madhabi puri butch say
SEBI chief Madhabi Puri Buch and her husband denied the allegations made by the Congress and said that these allegations are ‘false, motivated and defamatory’. Buch said in a statement that the allegations made by the Congress are based on the details mentioned in the income tax returns filed by them. She said that all the information related to financial matters has been fully disclosed by them and taxes have also been paid properly. The SEBI chief said in her statement, the details related to our income tax returns have clearly been obtained through fraudulent means and illegally.
Violation of privacy rights
The SEBI chief said that this is not only a clear violation of our right to privacy (which is a fundamental right) but also a violation of the Income Tax Act. The main opposition party Congress has recently made several allegations against the SEBI chief and her husband, including a conflict of interest related to a consulting company related to them.
Congress’s allegations against SEBI chairperson
The Congress had alleged that Dhawal Buch earned Rs 4.78 crore from Mahindra Group at a time when SEBI was investigating that company for violating the rules. The statement said that Madhabi Puri Buch never dealt with any file related to Agora Advisory, Agora Partners, Mahindra Group, Pidilite, Dr Reddy’s, Alvarez & Marsal, Sembcorp, Visu Leasing or ICICI Bank at any level after joining SEBI. Buch said in the statement that these allegations are completely false, malicious and defamatory. Madhabi has complied with all the disclosure and disclaimer guidelines of SEBI. In fact, he has constantly kept himself away from the cases other than the provisions required under the guidelines.
