Protest against SEBI chief
Today is very important for SEBI chief Madhabi Puri Buch. In fact, an important board meeting of market regulator SEBI will be held today. The meeting may discuss the allegations made by Hindenburg against SEBI chief Madhabi Puri Buch. In such a situation, today all eyes are fixed on the SEBI board meeting.
In fact, this meeting is being held for the first time after the accusations made against Buch by Hindenburg on August 10, which is why this meeting is considered very important.
will be discussed at the meeting
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Madhabi Puri Butch has been hitting the mark for some time now. After Hindenburg, Congress has also made many serious accusations against him. The board is said to have taken the allegations leveled against the SEBI chief seriously and they will definitely be discussed in the meeting. It is also possible that Madhabi Puri Butch distances herself from this discussion. In a report citing sources, it is said that the allegations against the SEBI chairman are already being discussed and this may be considered and discussed in the board meeting. Apart from this, the meeting will also be able to discuss 11 consultation papers submitted by SEBI.
What are the allegations against the SEBI chief?
Hindenburg alleged that Buch and her husband had invested in offshore funds controlled by Vinod Adani, brother of Adani Group chairman Gautam Adani, which was allegedly used to manipulate the funds of the group’s listed entities in India and inflate stock prices. actions.
Hindenburg also alleged that SEBI had amended rules related to real estate investment trusts (REITs) that benefited Blackstone, where Butch’s husband was a senior advisor.
The Congress Party accused Buch of trading in listed stocks and making money during his tenure by selling stock options to employees of his former employer ICICI Bank and providing advisory services to listed companies through his advisory firm, which included in conflict with the interests of the regulator. a violation of the conflict of interest policy.
