Articles for tag: Allegations, Buch, Chairperson, Conflict, Congress, Demands, detentions, Interest, Lead, Madhabi, Protests, Puri, Resignation, SEBI, Youth

September 17, 2024

Youth Congress demands resignation of Sebi chairperson Madhabi Puri Buch amid allegations of conflict of interest; protests lead to detentions.

Youth Congress activists protested outside the Sebi office in Mumbai, calling for a probe into allegations against Sebi chairperson Madhabi Puri Buch and demanding her resignation. The demonstration followed claims from Hindenburg Research, which alleged conflicts of interest related to Puri Buch’s past investments and her connections with companies like ICICI and Mahindra Group. Activists, ...

September 14, 2024

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Congress alleges Sebi Chairperson Madhabi Puri Buch traded sensitive securities worth ₹36.96 crore, sparking a dramatic conflict of interest scandal.

The Congress party has intensified its criticism of Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), claiming she traded nearly Rs 36.96 crore in securities while in her position, potentially violating ethical codes. Congress leader Pavan Khera raised concerns about Buch’s investments in foreign funds, including several Chinese ETFs, ...

September 13, 2024

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Sebi Chairperson Madhabi Puri Buch faces calls for resignation amid allegations from Hindenburg Research and internal employee conflicts.

Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch is facing calls for resignation amid employee conflicts and allegations made by Hindenburg Research, which she denies. These claims surfaced after Sebi’s investigation into Hindenburg’s accusations against the Adani group, which the group has also refuted. The situation highlights the importance of integrity and ...

September 13, 2024

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Madhabi Puri Buch and her husband deny accusations of corruption, claiming the allegations are malicious and fraudulent, threatening legal action.

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), along with her husband Dhaval Buch, has responded to allegations made by Congress regarding conflicts of interest and corruption. The couple claims these accusations are baseless and deliberately twisted to create a false narrative against them. They assert that all disclosures ...

September 11, 2024

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Sebi Chairperson Madhabi Puri Buch faces serious allegations of conflict of interest amid scrutiny from Hindenburg Research and Congress.

Hindenburg Research has criticized Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), for her silence regarding allegations against her. The Congress party accused Buch and her husband of receiving funds from companies regulated by Sebi during her tenure. Allegedly, Buch’s consulting firm received payments from major firms like Mahindra ...

September 10, 2024

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Allegations of corruption swirl around Sebi chairperson Madhabi Puri Buch as Congress claims her husband received preferential treatment from Mahindra.

Madhabi Puri Buch, chairperson of Sebi, is facing allegations from the Congress party that her husband, Dhaval Buch, received substantial payments from Mahindra & Mahindra while Sebi was regulating the company. Mahindra denied these claims, stating Dhaval was hired for his supply chain expertise before Madhabi took office at Sebi. They emphasized that they never ...

September 10, 2024

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Madhabi Puri Buch faces allegations of favoritism, with political tension escalating between Congress and Mahindra over supposed conflicts of interest.

Mahindra & Mahindra (M&M) has denied Congress party’s allegations that it paid Dhaval Buch, husband of Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), for preferential treatment from the regulator. Congress claims Dhaval received Rs 4.78 crore from M&M between 2019 and 2021, coinciding with Sebi’s scrutiny of the company. ...

September 6, 2024

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Congress accuses SEBI chairperson Madhabi Puri Buch of conflict of interest amid insider trading investigations, sparking controversy and protests.

The Congress party has accused Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), of potential conflict of interest. They claim she earned Rs 2.16 crore in rental income from Carol Info Services, linked to Wockhardt, while overseeing investigations into the company for insider trading violations. The opposition raised concerns ...

September 6, 2024

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Congress accuses Sebi Chairperson Madhabi Buch of corruption and conflict of interest amid ongoing investigations into insider trading cases.

The Congress party has accused Sebi Chairperson Madhabi Puri Buch of conflict of interest due to her rental income from a company linked to ongoing insider trading investigations. Jairam Ramesh, Congress general secretary, questioned Prime Minister Modi on the need for transparency in the capital markets. Pawan Khera, another Congress leader, revealed that Buch received ...

September 2, 2024

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Sebi Chief Buch Faces Scrutiny Amid Allegations of Salary Violations

Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch has found herself in the spotlight as ICICI Bank clarified that she has not received any salary or employee stock options since her retirement. This comes after the Congress party accused her of possibly violating rules by drawing a salary while serving as Sebi’s ...