The Congress on Monday accused SEBI chairperson Madhabi Puri Buch of receiving an income of Rs 16.80 crore between 2017 and 2024 after she became a whole-time member of the market regulator in 2017.

SEBI chief's income from ICICI under scrutiny

India's largest opposition party, the Indian National Congress (INC), on Monday (Sep 2) levelled fresh allegations against SEBI chairperson Madhabi Buch and Prime Minister Narendra Modi.

India: Congress slams PM Modi, questions whether he was aware of SEBI chair Buch’s ‘conflict of interest’

In a press meeting on September 2, the Indian National Congress (INC) accused Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch of receiving a substantial salary from ICICI Bank while serving as a member of the regulatory body.

SEBI Chair under fire from Congress for Conflict of Interest, linked to Rs 16.8 crore ICICI Bank Payments

The Securities and Exchange Board of India (SEBI) has taken significant action by cancelling the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants.

SEBI cancels registration of 39 stock brokers, 7 commodity brokers

In her first public appearance since Hindenburg's scathing attack, SEBI Chief Madhabi Puri Buch presented the regulator's plan at an event on Thursday. This comes when calls for an independent probe into US Short seller's allegations against the SEBI chief are growing. However, Buch did not address Hindenburg's allegations.

SEBI Chief's first public appearance since Hindenburg report

Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch on Thursday (August 29), said that Sebi has started working on a standard Application Programming Interface (API) for exchanges and depositories.

Global Fintech Fest: SEBI chief refuses to take questions on Hindenburg report

The ongoing Hindenburg controversy casts a shadow over SEBI Chief Madhabi Puri Buch's credibility. Particularly the accusation of conflicts of interest while holding the post of the head of SEBI. However, former SEBI Chief, M. Damodaran, in a media television interview, referring to Buch and the regulator's response to the allegations, said, "On the basis of the information I have, I have no major problem." however, with the clamour for an independent probe growing, Tushar Kumar, an advocate of the Supreme Court of India, from a legal viewpoint, suggested that "She should provide detailed documentation of her financial dealings and investments to establish their legitimacy and dissociate them from her role at SEBI." Kumar noted, "Additionally, Buch should engage legal counsel to address any potential conflicts of interest and to navigate the allegations effectively." he added: "SEBI must conduct an independent review of the claims to maintain the regulator's credibility and uphold market integrity."

Hindenburg vs SEBI Chief: Credibility crisis staring at SEBI Chief?

Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company.

Sebi Bans Anil Ambani, 24 entities from securities market for 5 years

Amid ongoing controversy between Hindenburg Research and the Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch, the latter’s ties with US equity major Blackstone have also come under greater scrutiny.

Why SEBI chief Madhabi Puri Buch’s ties with Blackstone warrant an investigation

Indian former Union Minister Subramanian Swamy has made fresh allegations against embattled SEBI chief Madhabi Puri Buch. During a recent case hearing of the Axis-Max Life deal at the Delhi High Court, Swamy alleged a lack of action from the market regulator SEBI.

Exclusive | SEBI chief Buch under fire; Subramanian Swamy alleges conflict of interest in Axis-Max Life deal

In the ongoing saga between Hindenburg and the SEBI Chief, calls for an independent probe have gained traction. Media stories suggested a probe is underway. However, separate media reports quoting finance ministry sources show the government has no plans to initiate an investigation at this point. This rise in speculation has highlighted the silence of the government and the SEBI on Hindenburg's allegations.

Hindenburg vs SEBI Chief Saga

Amid the ongoing controversy between the chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, and Hindenburg Research over the probe into Adani Group; parallels are being drawn with a 1998 UK case involving Chilean dictator General Pinochet.

Hindenburg vs Buch: How the 1998 General Pinochet case serves as a lesson for SEBI

Charges of a conflict of interest have been levelled against SEBI Chief Madhabi Puri Buch. The question now doing the rounds is: Did Buch potentially violate SEBI's 2008 policy on officials holding other professional jobs?

SEBI chief's earnings under scrutiny

Ever since US-based short seller Hindenburg Research released its new, damning report linking the Securities and Exchange Board of India (SEBI) chairperson Madbhabi Puri Buch and Adani conglomerate, the Indian market regulator's credibility has taken a nosedive.

Madhuri Buch-Adani links: Why is SEBI’s credibility at an all-time low after latest Hindenburg report?

In the Hindenburg vs Adani saga, markets have looked past the face-off. However, 42,000 crore rupees of mutual funds money is riding on the Adani group firms' stocks. The market impact has waned this time around. However, Hindenburg's allegations could weigh heavily on small investors.

Hindenburg vs SEBI Chief: What are experts' opinions hinting at?

Hindenburg vs SEBI Chief: What are the key issues of conflict allegations

Major controversy hits India’s financial sector as SEBI Chairperson Madhabi Puri Buch faces allegations of conflict of interest from US short-seller Hindenburg research. Was there an undisclosed link to the Adani group? Watch WION Decodes as we break down the high-stakes drama and its potential impact on India's financial markets.

SEBI Chief Accused: Controversial ties

Hindenburg vs SBI Chief Saga: Decoding key issues of conflict allegations

Hindenburg vs Adani: Is the mutual fund market at risk?

Hindenburg vs Adani: Investors look past Hindeburg's allegations

The head of India's markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters.

India regulatory chief earned revenue in potential rules violation, documents show

In the Hindenburg vs SEBI Chief saga, calls for an independent investigation is growing. From India's opposition parties to experts have joined in the chorus to probe Hindenburg's allegations against SEBI Chief Madhabi Puri Buch. Maintaining the credibility of the markets regulator and the ongoing controversy surrounding the SEBI Chief highlights the need for an independent probe.

Hindenburg vs SEBI Chief Saga: Independent probe needed to put allegations to rest?

Hindenburg vs SEBI Chief Saga: Should Hindenburg's allegations be probed?

More than 18 months after Hindenburg initially accused the Adani group of fraud, the short seller has managed to keep the story in the forefront. The fact that Hindenburg is still making waves shows SEBI is yet to draw a line under these accusations.

Hindenburg vs SEBI Chief: Hindenburg keeps spotlight on Adani group

sebi

Sebi, News on Sebi, stories on Sebi, articles on Sebi, Sebi stories at Wion, Sebi news, Sebi latest news