SEBI Chairperson's ICICI Earnings Spark Conflict-of-Interest Debate
- Allegations against SEBI Chairperson Madhabi Puri Buch by the Congress Party have raised concerns about conflict of interest and transparency.
- Congress claims Buch earned Rs16.80 crore from ICICI group, dwarfing her SEBI salary.
- ICICI Bank's response about retirement benefits has not quelled concerns, raising more questions.
- Congress questions ICICI's ESOP policy and its application to Buch, suggesting special treatment.
- The issue highlights the need for stringent disclosure norms for regulatory officials to maintain public trust.
Source: Money Life
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Can anyone point out what exactly is the conflict..... Been in this game long enough, but not yet fully understood
You are not supposed to be taking money from someone who you are supposed to regulate and supervise. It is like Police doing hafta vasooly from Mohalla gangs.
Do you understand the concept of retirals
She is a thief. How come being a sebi chief she owns an investment firm and invests in adani share. The rule clearly says that a sebi chief can't own any firm that involves investment. This can create a conflict of interest and can give a favour to the company if the company is involved in irregularities.
I hope she goes to jail
Amen to that
ICICI Bank has had shady past anyway, so it doesn’t come as a surprise. I am pretty sure there will be some bigger expose coming against them in future too. P.S.- The Bank had tried to defraud me too. I was able to get my money back after one whole year, after complaining to RBI Ombudsman / RTI etc Fraudulence runs in their blood (culture).
They'll make her the next FM.
She does look like someone happily hiding away a warehouse of cash
Lol ICICI fraud hi hai!