Dilip Cherian | Throwing the book at Buch! Old case, but new questions
2 weeks, 5 days ago

Dilip Cherian | Throwing the book at Buch! Old case, but new questions

Deccan Chronicle  

Well, here’s a financial thriller twist no one saw coming — a Mumbai court has ordered an FIR against former Sebi chief Madhabi Puri Buch over alleged regulatory lapses in a case that dates back to 1994! First, Hindenburg Research alleged that she and her husband held stakes in offshore entities linked to the Adani Group — raising questions about whether Sebi’s investigations into the conglomerate were truly independent. The Congress claimed Ms Buch earned rental income from a company under Sebi’s scrutiny while still benefiting from ICICI Bank stock options long after leaving the bank. Delhi’s corridors of power just got a fresh dynamic — chief minister Rekha Gupta now has IAS officer Madhu Rani Teotia as her secretary.

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