Tue Sep 03 13:07:14 UTC 2024: – Congress accuses SEBI Chairperson Madhabi Puri Buch of drawing salary from ICICI Bank while working as a full-time member of SEBI in 2017
– Congress dismisses ICICI Bank’s defense as “feeble” and plans a press conference to address the issue further
– Congress alleges Buch received ₹16.80 crore from ICICI Bank between 2017 and 2024, violating SEBI’s conflict of interest regulations
– ICICI Bank denies allegations, stating Buch had not received any salary or ESOPs post-retirement aside from her retiral benefits
– Congress remains adamant, questioning transparency and potential conflict of interest, demanding Buch’s immediate dismissal and a JPC investigation
– Congress President criticizes the Prime Minister for appointing Buch without due diligence, claiming it has tarnished SEBI’s reputation

Read More