SEBI refuses to provide disclosure data on Madhabi Puri Buch's alleged conflict cases: RTI

SEBI in a RTI response said that the cases where SEBI Chairperson Madhabi Puri Buch recused herself due to potential conflict of interest are not “readily” available and collating them would be a “disproportionately divert” of its resources The Securities and Exchange Board of India, in a right-to-information response, said on Friday, September 20, that the cases where SEBI Chairperson Madhabi Puri Buch recused herself due to potential conflict of interest are not “readily" available and collating them would be a “disproportionately divert" of its resources, according to the news agency PTI's report on Saturday, September 21. {{^adFree}} {{/adFree}} “Further the information on cases where Madhabi Puri Buch recused herself due to potential conflicts of interest during her tenure is not readily available and collating the same will lead to disproportionately diverting the resources of the public authority in terms of Section 7 of the RTI Act," according to the RTI response quoted in the agency report. SEBI on allegations against Madhabi Buch The capital markets regulator refused to provide copies of Buch's declarations to the government and SEBI Board on the financial assets and equities held by her and her family members and stated that it is “personal information," and disclosure of which may “endanger" personal safety in response to transparency activist Commodore Lokesh Batra, according to the report. The short seller also alleged Buch's husbands association with private investor Blackstone, a promoter of many real estate investment trusts and SEBI's continued pitch for the new investment avenue, said there report.