SEBI chief, husband reject Congress’ allegations of impropriety as ‘malicious’
The Opposition party had alleged that the couple earned Rs 2.9 crore from six SEBI-regulated companies after Madhabi Puri Buch joined the market regulator.
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India, and her husband Dhaval Buch on Friday rejected allegations of impropriety and conflict of interest levied against them by the Congress.
In a statement on Friday, they described the Opposition party’s claims as “false, incorrect, malicious and motivated”.
The couple also claimed that the Congress’ allegations were based on their income tax filings, ergo the information had been fully disclosed and taxes duly paid.
“Our income tax returns clearly have been obtained by adopting fraudulent means and illegally,” the Buchs said. “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.”
SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch issue a joint statement in personal capacity on recent events
"Madhabi has never dealt with any file involving Agora Advisory, Agora Partners, the Mahindra Group, Pidilite, Dr Reddy’s, Alvarez and Marsal, Sembcorp, Visu… pic.twitter.com/l09fznJCdf— ANI (@ANI) September 13, 2024
Over the past week, the Congress has made several allegations against the Buchs, accusing them of a conflict of interest involving a consultancy firm they are associated with.
On Tuesday, the party alleged that the couple had earned Rs 2.95 crore from six SEBI-regulated companies after Madhabi Puri Buch joined the...
