New Delhi: The Congress on Tuesday accused Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch of helping some big companies and benefiting while she was a whole-time member of the regulatory body.
Addressing a press conference, Congress spokesperson Pawan Khera claimed that Agora Advisory Pvt Ltd, which had links with the Buches, provided consultancy to six companies, including Mahindra and Mahindra Ltd, Dr Reddy’s, Pidilite, ICICI, Visu Leasing And Finance, and Pidilite and Sembcorp.
He claimed that Madhabi Puri Buch and her husband Dhaval Buch received Rs 4.78 crore between 2019 and 2021 from Mahindra Group. “This comes at a time when Madhabi Buch, as a whole-time member of Sebi, was adjudicating cases of the same group,” he added.
Before becoming Chairperson of SEBI, Madhabi Buch was SEBI’s whole-time member from April 5, 2017 to October 4, 2021.
Mahindra Group has refuted the allegation as “false and misleading”. It also clarified Dhaval Buch’s employment with the company, which joined the Mahindra Group after retiring from Unilever in 2019. Mahindra Group said he was taken into the company for his expertise in supply chain management.
Baripada: A newborn girl was found lying near a bush at Bhanra village under Karanjia…
Mumbai: Salman Khan and Shah Rukh Khan, the leading superstars of Bollywood, came from different…
Mumbai: Actor-filmmaker Dhanush took to his X handle on Friday to announce the release date…
Chennai: Odisha all but booked a berth in the knockout stage of the 14th Hockey…
Cuttack: Several traffic restrictions have been imposed to ensure smooth movement of devotees to Dhabaleswar…
Mumbai: Sidhu Moose Wala's parents Balkaur Singh and Charan Kaur shared a picture of their…
New York: A group of American women has launched an unprecedented protest against men who…
Bhubaneswar: Four more handicrafts were granted approval by the Odisha government, taking the total number…