SEBI chief Madhabi Puri Buch

2024 - 9 - 2

Is SEBI's Chief a Money Magnet or Just Misunderstood? 🤔💰

Congress - Corporate Governance - ICICI Bank - Madhabi Puri Buch - SEBI - Subhash Chandra - Zee-Sony Merger

Subhash Chandra's bombshell claims against SEBI’s Madhabi Puri Buch spark a whirlwind of controversy! Dive into the drama! 🎭📉

The battle lines have been drawn in the world of finance as Subhash Chandra, the zealous patriarch of Zee Entertainment, has turned the heat up, accusing Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), of engaging in corrupt practices. During a recent press conference, Chandra claimed that Buch has been leveraging her position for personal gain, particularly while drawing a jaw-dropping salary of ₹16.8 crore from ICICI Bank over her tenure at SEBI. Talk about drama! It almost sounds like the plot of a Bollywood thriller, just without the songs.

But hold your horses! The stakes are high, and Buch has fired back, labeling Chandra's allegations as “malicious and opportunist.” To complicate matters further, ICICI Bank issued a statement claiming that they hadn’t paid Buch any salary or ESOPs post-retirement, only offering her retiral benefits. It raises a fundamental question: can we really trust the head of SEBI if she’s been pocketing cash from a private entity? Chandra didn’t hold back, questioning the integrity of an organization that's supposed to uphold financial fairness.

This unfolding saga also takes a turn into the realm of politics, as the Congress party has joined the fray, urging Buch to step down, alleging that her financial gains from ICICI might have compromised her ability to regulate effectively. With all this drama, it feels like we’re witnessing a cross between a courtroom thriller and a financial soap opera! Will we soon be tuning in for SEBI: The Financial Reality Show?

As we dissect this intricate web of allegations and denials, it's hard to ignore the potential ramifications on market stability and investor confidence. Today’s events are just a chapter in the greater narrative of Indian governance, proving once again that when it comes to money and power, the stakes are always high. Fun fact: Did you know that in 2020, SEBI imposed penalties totaling ₹232 crores on entities for failure in compliance? Perhaps they need to start a new motto: "Money Talks, but Trust Walks!"

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Image courtesy of "Business Standard"

'Sebi chairperson Buch is corrupt', alleges Zee's Subhash Chandra (Business Standard)

Subhash Chandra vs Madhabi Puri Buch: Regulatory official calls allegations "malicious and opportunist"

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Image courtesy of "Business Today"

ICICI Bank nullifies Congress allegations of Madhabi Puri Buch ... (Business Today)

Congress on September 2 posed fresh questions to SEBI chairperson Madhabi Puri Buch and asked her to step down for allegedly violating Section 54 of SEBI.

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Image courtesy of "India Today"

Sebi chief was drawing salary from ICICI, Congress alleges, bank ... (India Today)

The Congress claimed that Madhabi Puri Buch received an income of Rs 16.8 crore from ICICI since joining Sebi in 2017, which is 5.09 times her Sebi income ...

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Image courtesy of "Business Standard"

Even as Sebi WTM, Madhabi Puri Buch drew 'salary' from ICICI Bank ... (Business Standard)

The Congress on Monday alleged that Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch continued to “draw salary” from her previous ...

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Image courtesy of "Livemint"

BIG claim by Congress on SEBI chief Madhabi Puri Buch, alleges ... (Livemint)

Congress alleges that SEBI Chairperson Madhabi Puri Buch earned over ₹12 crore between 2017 and 2024 and received ₹22.41 crore from ICICI Prudential.

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Image courtesy of "The Economic Times"

ICICI Bank clarification: Didn't pay any salary or ESOPs to Buch as ... (The Economic Times)

The lender also stated that during Buch's tenure with the ICICI Group, she was compensated through salary and other benefits in accordance with applicable ...

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Image courtesy of "Moneycontrol.com"

ICICI Bank says no salary or ESOPs paid to Sebi chief Buch since ... (Moneycontrol.com)

ICICI Bank or its group companies have not paid any salary or granted any ESOPs to Madhabi Puri Buch after her retirement, other than her retiral benefits.

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Image courtesy of "The New Indian Express"

Sebi chief Madhabi Puri Buch drew Rs 16.8 cr from ICICI Bank ... (The New Indian Express)

"How can one ensure fair regulation when the head of Sebi has been receiving a salary from a private entity like ICICI Bank?" the party asked.

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Image courtesy of "Business Today"

SEBI intervention spooked Sony, scuttled merger with Zee, alleges ... (Business Today)

In a press conference on September 2, Chandra termed Buch “corrupt” and “vindictive” and alleged that Zee's issues with SEBI was “main reason” behind the ...

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Image courtesy of "The Economic Times"

Zee Sony merger: She succeeded in 'pushing away' Sony from ... (The Economic Times)

Zee group patriarch Subhash Chandra has made serious allegations against SEBI Chairperson Madhabi Puri Buch, accusing her of corruption and bias.

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Image courtesy of "Moneycontrol.com"

ICICI's point-by-point rebuttal to Cong's charges against SEBI chief ... (Moneycontrol.com)

In a stock exchange filing, the private lender rejected all the charges levelled by Congress leader Pawan Khera. He had alleged that the Sebi chief earned ...

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Image courtesy of "Times of India"

ICICI Bank refutes Congress allegations of post-retirement payments ... (Times of India)

India Business News: ICICI Bank has denied Congress party claims that SEBI Chairperson Madhabi Puri Buch received regular payments from the bank and its ...

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Image courtesy of "Hindustan Times"

ICICI denies paying salary, ESOPs to SEBI chief Madhabi Buch after ... (Hindustan Times)

Congress accused Buch of holding an office of profit at the ICICI Bank and receiving ₹16.8 Cr in substantial benefits from the bank and its subsidiaries.

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Image courtesy of "The Hindu"

ICICI Bank denies allegations that it paid salary to SEBI chief after ... (The Hindu)

ICICI Bank denies allegations of paying SEBI Chairperson post-retirement, clarifies payments were accrued during employment.

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Image courtesy of "Hindustan Times"

'Eggs on face': BJP reacts after ICICI Bank responds to Congress ... (Hindustan Times)

The BJP leader's comment came as ICICI issued a statement denying Congress' charge. | Latest News India.

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Image courtesy of "Livemint"

Didn't pay salary or granted ESOPs post-retirement to Sebi's ... (Livemint)

ICICI Bank Ltd denied Congress allegations of salary payments or the issue of any employee stock options (Esops) to Madhabi Puri Buch, according to the ...

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Image courtesy of "Business Today"

'Taking forward the expose...': Congress to target SEBI chief ... (Business Today)

Congress spokesperson Pawan Khera had on Monday alleged that Buch received ₹16.80 crore from ICICI Bank between 2017 and 2024, far exceeding her SEBI ...

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Image courtesy of "Zee News"

Congress Fires Fresh Salvo At Sebi Chief Madhabi Puri Buch ... (Zee News)

Pawan Khera, Chairman, Media and Publicity Department, Congress, in a press conference said, We asked three questions yesterday (which was directed towards ...

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Image courtesy of "Business Standard"

ICICI Bank, Zee in focus amid allegations on Sebi chief Buch ... (Business Standard)

ICICI Bank stock has gained 31% in the last 9 months, while Zee has crashed 50% thus far in 2024. Both stocks could see a role reversal going ahead provided ...

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Image courtesy of "Moneycontrol.com"

Congress presses SEBI chief Madhabi Puri Buch with new ... (Moneycontrol.com)

At a press conference, Congress questioned how a person's retirement benefit be more than her salary as an employee.

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Image courtesy of "afaqs"

Zee's Subhash Chandra accuses SEBI chief Madhabi Puri Buch of ... (afaqs)

Chandra believes that Buch was the primary reason for the Zee-Sony merger to fall apart. Essel Group chairman Subhash Chandra made multiple allegations ...

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Image courtesy of "Economic Times"

Congress questions SEBI chief Madhabi Puri Buch's salary, pension ... (Economic Times)

The Congress Party has raised concerns over discrepancies in the income and pension figures of SEBI Chairperson Madhabi Puri Buch.

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Image courtesy of "India Today"

How can retirement benefits exceed salary? Congress's fresh ... (India Today)

Congress leader Pawan Khera claimed that Madhabi Buch's average annual salary at ICICI was Rs 1.30 crore. However, he questioned how her average pension and ...

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Image courtesy of "The Hindu"

SEBI Chief Madhabi Buch questioned by Congress over ICICI Bank ... (The Hindu)

Congress questions ICICI Bank's payment to SEBI Chairperson Madhabi Buch, highlighting discrepancies in salary and ESOPs post-retirement.

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Image courtesy of "Hindustan Times"

Congress counters ICICI Bank's defence of payments to SEBI chief ... (Hindustan Times)

The Congress party has alleged that SEBI chief Madhabi Buch had a conflict of interest in dealings with ICICI, one of the country's largest private lenders.

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Image courtesy of "Livemint"

'How can retirement benefits exceed salary from ICICI?' — Congress ... (Livemint)

The Congress had earlier alleged that SEBI chief Madhabi Puri Buch held an office of profit at the ICICI Bank and received ₹16.8 crore in substantial benefits ...

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Image courtesy of "Hindustan Times"

Sebi staff complains of toxic work culture in letter to finance ministry (Hindustan Times)

Sebi officials filed a complaint to finance ministry, citing toxic work culture under chief Madhabi Puri Buch, marked by harsh language and unrealistic ...

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Image courtesy of "Moneycontrol.com"

ICICI Bank shares rise amid row over alleged payments to Sebi chief ... (Moneycontrol.com)

ICICI Bank share price settled over 1 percent higher in Tuesday's trade amid Congress' allegations against SEBI Chairperson Madhabi Puri Buch.

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