All posts tagged: impropriety

Lokpal Gives Clean Chit To Former SEBI Chief Madhabi Puri Buch

Lokpal Gives Clean Chit To Former SEBI Chief Madhabi Puri Buch

Published by Webster

Last Updated:May 28, 2025, 19:57 IST The Lokpal termed the charges against former SEBI chief Madhabi Puri Buch as “presumptions and assumptions” not supported by any verifiable material Madhabi Puri Buch, who took over as the SEBI chief on March 2, 2022, demitted office on February 28 after the completion of her tenure. (Image: News18) Anti-corruption ombudsman Lokpal on Wednesday gave a clean chit to former SEBI chief Madhabi Puri Buch, disposing of complaints alleging impropriety and conflict of interest based on a Hindenburg Research report. The Lokpal termed the charges as “presumptions and assumptions” not supported by any verifiable material and said the complaints, including the one by TMC MP Mahua Moitra, filed last year were essentially founded on the report “by a known short seller trader…”. The complaints were disposed of by a six-member bench headed by Lokpal chairperson Justice AM Khanwilkar. In its order, the Lokpal “concluded that the allegations in the complaint(s) are more on presumptions and assumptions and not supported by any verifiable material and do not attract the ingredients …

SEBI chief Madhabi Puri Buch, husband deny impropriety allegations

Published by Parlour News

SEBI Chairperson Madhabi Puri Buch. File | Photo Credit: PTI SEBI chief Madhabi Puri Buch and her husband Dhaval Buch on Friday (September 13, 2024) denied a series of allegations of impropriety and conflict of interest levelled by the Congress, saying these are “incorrect, motivated and defamatory”. Buchs said the allegations are based on Income tax returns filed by them. They further said all the information have been fully disclosed and taxes have been duly paid. “Our income tax returns clearly have been obtained by adopting fraudulent means and illegally. This is a clear breach of not only our right to privacy (which is a fundamental right) but also a violation of the Income Tax Act,” Buchs said in a statement. The Congress has recently levelled multiple allegations against SEBI chief and her husband, alleging a conflict of interest, involving a consultancy firm related to them. The Congress had alleged that Dhaval Buch earned ₹4.78 crore from Mahindra Group at a time when the regulator was investigating it for market infractions. According to the statement, Madhabi has never dealt with …