Congress has accused SEBI chief Madhavi Puri Buch of taking Rs 16 crore as salary from a private bank.
In January last year, a report published by the US-based Hindenburg Research Institute revealed evidence that the Adani Group, which created fake companies abroad, engaged in secret transactions of hundreds of crores of rupees and committed corruption in the stock market. Also, Hindenburg had published an article alleging that Sebi chairman Madhavi and her husband had shares in Adani’s alleged shell company.
In this case, Madhabi Puri Buch, who is the head of SEBI, which regulates the stock market, ICICI. Congress spokesperson Pawan Khera has alleged that he received Rs 16.8 crore as salary from the bank.
Speaking at a press conference in this regard, Congress leader Pawan Khera said, “Sebi’s job is to regulate the money we invest in the stock market. It plays an important role in the matter of investment. But there is a chess game going on in our country. We are telling you about Madhavi Puri Bach, a part of it.
Madhavi Puri Buch was a permanent member of SEBI from April 5, 2017 to October 4, 2021. Later, he was appointed as the Chairman of SEBI with effect from March 22, 2022. Prime Minister Modi and Home Minister Amit Shavam are on the committee to appoint SEBI chairman. In this case, when Madhavi Puri Buch was a full-time employee of SEBI, ICICI. From last 2017 to 2024 regular salary from bank Rs. He has received up to 16.80 crores. Apart from that, ICICI He has also received tax exemption for ICICI Prudential and Employee Stock Ownership Plan (ESOP) from the bank. Being a full-time member of SEBI why ICICI? We want to know that you have received payment from the bank. This is in violation of Section 54 of SEBI Rules. Therefore, SEBI Chairperson Madhavi Puri Buch should resign from her post,” he said.
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