
Madhabi Puri Buch, the head of India's markets regulator SEBI, is under scrutiny following allegations of potential rules violation. Reports indicate that Buch continued to earn revenue from a consultancy firm during her seven-year tenure as SEBI chief. This situation raises questions about a possible conflict of interest, as regulatory officials are typically prohibited from such financial engagements. The allegations have been highlighted by Hindenburg Research, a firm known for its critical reports on corporate governance. Public documents reviewed by Reuters support these claims, suggesting that Buch's actions may have breached regulations governing the conduct of regulatory officials. Additionally, a $872,000 personal investment is reportedly linked to these allegations.
The short-selling firm has taken aim at Madhabi Puri Buch, who chairs India’s securities regulator https://t.co/naFP0sAQYB 👇
India regulatory chief earned revenue in potential rules violation, documents show - https://t.co/Ugs5Z7tjCw
#LeadStoryOnET | #Sebi Chief Madhabi Puri kept earning revenue from a firm in potential rules violation https://t.co/cdVBh0AyXH



