Madhabi Puri Buch

madhabi puri buch made history as SEBI's first female chairperson, youngest appointee, and first person from the private sector on March 1, 2022. With a diverse career, including executive roles at ICICI Bank and international consultancies, Buch has driven reforms at SEBI. Recently, she and her spouse refuted accusations from Hindenburg Research, emphasizing transparency in their investments.

The Lokpal has cleared former Sebi chairperson madhabi puri buch of corruption allegations stemming from a Hindenburg Research report. The anti-corruption ombudsman deemed the complaints "untenable" and lacking credible evidence. Buch and her husband had previously refuted claims of involvement in the 'Adani money siphoning scandal', dismissing them as baseless.

Major questions are raised about the SEBI Chairperson's conflict of interest in the Supreme Court-approved Adani Group probe. Allegations include income from ICICI while adjudicating their complaints and undisclosed ESOP benefits. The government is being urged to clarify these issues, emphasizing transparency in regulatory bodies.

Congress has raised concerns over ICICI Bank's retiral benefits to madhabi puri buch, questioning how these could exceed her average salary during employment. They also allege non-compliance with Income Tax laws regarding TDS on ESOPs. ICICI Bank asserts that all payments followed ESOP rules and tax regulations, including post-retirement benefits.

ICICI Securities MD and CEO Madhabi Puri-Buch will go on a sabbatical and Anup Bagchi will lead the company from May 1.

New Sebi chief madhabi puri buch was an executive director at ICICI Bank and before that she headed the lender's broking arm, ICICI Securities. Before joining Sebi, she also had a short stint at a private equity firm in Singapore. As Sebi chief, Buch's immediate challenge will be to restore the trust in Indian markets, which has been dented due to the controversy at NSE.

Congress has leveled corruption allegations against Sebi chief Madhabi Puri-Buch, claiming she rented her property to a company regularly dealing with Sebi. Congress leader Pawan Khera pointed out that Buch received substantial rent from Carol Info Services Limited, part of Wockhardt. The party also questioned Prime Minister Modi's inaction on the matter.

Sebi is working on a system to introduce a process similar to Application Supported by Blocked Amount (ASBA) for secondary market transactions. This was revealed by the markets regulator's chairperson madhabi puri buch said on Wednesday.

Rahul Gandhi criticized SEBI Chairperson madhabi puri buch for not appearing before the Parliament's Public Accounts Committee, suggesting she was being shielded from accountability. The PAC meeting was postponed after Buch informed the committee of her inability to travel to Delhi.

Cases where Sebi chairperson madhabi puri buch recused herself due to potential conflict of interest are not "readily" available and collating them would "disproportionately divert" resources, Sebi said Friday in an RTI response.

Trinamool Congress MP Mahua Moitra has filed a complaint with the Lokpal against SEBI Chairperson madhabi puri buch, alleging improper conduct and quid pro quo arrangements. The complaint highlights Buch's alleged misconduct during her tenure at SEBI and raises concerns about her financial ties with ICICI Bank and Greater Pacific Capital, urging an investigation under the Prevention of Corruption Act.

ICICI Bank has denied Congress party claims that SEBI Chairperson madhabi puri buch received regular payments from the bank and its asset management arm during her tenure. The allegations point to a conflict of interest. The bank clarified that any payments after her retirement were related to benefits accrued during her employment, not new compensation.

The Bombay High Court stayed a special court's order for an FIR against ex-SEBI chairperson madhabi puri buch and five others for alleged regulatory violations. Justice Shivkumar Dige highlighted the lack of specific allegations. Four weeks are given for a reply affidavit. The case involves allegations of fraud related to a 1994 BSE company listing.

Markets regulator Sebi has said that all top officials at mutual funds will now come under insider trading rules. At present, all trading in stocks are under the active surveillance mechanism of the regulator.

Congress has accused Sebi chief Madhabi Puri-Buch of making high-value investments in Chinese firms during geopolitical tensions and trading in listed securities with unpublished price-sensitive information. Buch and her husband issued a statement denying any conflict of interest involving Agora Advisory Pvt, Mahindra Group, Dr Reddy's, Pidilite, among others.

Some of the top industrialists were seen together at this event held in the city on Tuesday.

Sebi withdrew its Sept 4 press release after employees protested, claiming it contained incorrect information about their grievances and salaries. The employees had earlier complained to the finance ministry about a toxic work culture under chairperson madhabi puri buch. Sebi now plans to address these issues internally with high governance standards.

Rahul Gandhi accuses SEBI chief madhabi puri buch of protecting Adani's interests by manipulating the stock market and failing to safeguard retail investors. He questions who is protecting Buch, amid allegations of corruption and cronyism favoring business monopolies in India.

The government on Monday appointed madhabi puri buch as the new Sebi chairman with an initial term of three years, making her the first woman to lead a financial regulatory body in the country. Buch, a former executive of ICICI Bank, was a member of Sebi for nearly five years but was not given an extension when her term ended last October.

In 2022, madhabi puri buch became the first woman and first private sector professional to chair Sebi after a break. Known for her collaborative approach, IT focus, and data-driven decisions, she brought significant changes in market regulation. Before Sebi, she had a significant career at ICICI Bank and experience overseas with Greater Pacific Capital.