New Delhi: Congress spokesperson Pawan Khera on Monday alleged that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch received income from ICICI Bank Ltd during her tenure as capital markets regulator. The Congress spokesperson raised concerns about a potential conflict of interest involving Buch.
Khera alleged that Madhabi Puri Buch received an income of Rs 16.8 crore from ICICI Bank during 2017-2024, adding that the Sebi chief also received income from the asset management unit ICICI Pru while occupying the top post of market regulator .
The Congress leader further attacked Madhabi Puri Buch saying that a person works at one company, the individual takes a salary from there only, but the current SEBI Chairperson received regular income from ICICI bank, prudential, and ESOP from 2017-2024. He termed this as a complete violation of Section 54 of SEBI.
Pawan Khera also hit out at Prime Minister Narendr Modi and Union Home Minister Amit Shah, saying, “The role of SEBI is to regulate the share market where we all invest our money. It has a very important role to play. Who appoints the chairperson of SEBI? This is the Appointments Committee of the Cabinet, Prime Minister and Union HM Amit Shah. There are two members in this committee for appointing the chairperson of SEBI…She (SEBI Chairperson Madhabi Puri Buch) between 2017 and 2014 was taking regular income of Rs 16 crore 80 lakhs from ICICI Bank. You are also a full-time SEBI member, then why were you taking a salary from ICICI?”
Congress has levelled fresh allegations against Madhabi Puri Buch, saying that the incumbent SEBI chief drew income from ICICI Bank while sitting at the top post of the market regulator. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
