Congress Levels Fresh 'Corruption' Charge Against SEBI Chief Madhabi Buch, This Time Over ‘Rent Income’—Details
6 months, 3 weeks ago

Congress Levels Fresh 'Corruption' Charge Against SEBI Chief Madhabi Buch, This Time Over ‘Rent Income’—Details

ABP News  

A day after demanding an independent inquiry into the allegations against the Securities and Exchange Board of India chairperson Madhabi Buch, the Congress on Friday levelled fresh "conflict of interest" allegations against Buch, calling it "corruption". The allegations were made by Congress' media and publicity department head Pawan Khera, who said that between 2018 and 2024, Buch had received a rental income amounting to Rs 2.16 crore from Carol Info Services Limited. He further pointed out that the "previous SEBI chairpersons went to great lengths to avoid even the appearance of a conflict of interest, both in their roles at SEBI and in their earlier positions." Giving an example of how M Damodaran, former SEBI chief, sold his 50 SBI shares when he took over Unit Trust of India in 2001, Khera added, "Buch merely transferred her investments to her spouse, which raises concerns about credibility."

History of this topic

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