Tue Sep 03 10:27:02 UTC 2024: – ICICI Bank denies paying salary or granting stock options to Sebi chair Madhabi Puri Buch after allegations from Congress spokesperson
– Buch received compensation during her employment with ICICI Group in forms of salary, retiral benefits, bonus, and Esops
– Payments made to Buch post-retirement had accrued during her employment phase with the ICICI Group
– Buch facing allegations of violation of employee service regulations and conflict of interests
– Allegations against Buch come after US short-seller Hindenburg Research raised concerns about the integrity of Sebi’s investigations
– Subhash Chandra, Zee group chairman emeritus, threatens legal action against Sebi chair
– Buch’s tenure as Sebi chair ends in March next year
– Securities lawyer says Esops become absolute property of the person after vesting, no longer linked to employment
– Former Sebi official says situation involving Buch appears highly implausible

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