New Delhi: Amid allegations of conflict of interest against chairperson Madhabi Puri Buch by US-based Hindenburg Research and Congress, the Securities and Exchange Board of India (Sebi) is set to hold a crucial board meeting on Monday.
Though there is no official confirmation on this, reports suggest that the board is likely to discuss the conflict of interest accusations against Buch. Notably, the topic is not on the official agenda. The market regulator’s board meeting is also likely to deliberate on the issue related to Sebi employees complaining to the Union finance ministry about what they called a “toxic work culture.”
The SEBI withdrew its September 4, 2024 press release that alleged the employees of the market regulator being influenced by external elements and condemned the unauthorised release of internal communication.
“Accordingly, the Press Release no. 20/2024 dated September 04, 2024, stands withdrawn. Employees have strongly condemned the unauthorized release of internal communication and have confirmed that all concerns shall be addressed amicably through established internal channels,” Sebi said in its press release.
The Securities and Exchange Board of India (Sebi) is set to hold a crucial board meeting on September 30, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
