Wed Sep 04 03:48:46 UTC 2024: – Congress claims ICICI Bank’s clarification raises more questions than it answers regarding payments made to SEBI chief Madhabi Puri Buch
– ICICI Bank clarified that payments to Buch were retirement benefits, not salary or employee stock options
– Congress questions inconsistencies in ICICI’s explanation, such as varying amounts of payments over the years
– Congress leader Pawan Khera questions how Buch’s “retiral benefits” could be more than her salary as an employee
– Khera also raises concerns about ICICI Bank paying TDS on Buch’s ESOPs and questions if this protocol is followed for all employees
– Khera calls for Prime Minister to respond as he appointed Buch as SEBI chairperson and mentions allegations against SEBI and Buch by a former BJP MP
– Buch denies accusations by Hindenburg Research that she and her husband held investments in offshore funds also used by the Adani Group

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