Key Points
In a joint statement, Sebi chief Madhabi Puri Buch and husband Dhaval Buch rejected recent allegations of conflict of interest as "false, malicious, and defamatory."..
Securities and Exchange Board of India (Sebi) Madhabi Puri Buch and her husband Dhaval Buch issued a joint statement on Friday, rejecting conflict of interest allegations levelled against them by the Congress party...
Mahindra & Mahindra, which contributed to the majority of Agora Advisorys income, clarified in its own statement that Dhaval Buch was hired in 2019 for his expertise in supply chain management, long before Madhabi assumed her role at Sebi..
The Buchs also addressed allegations related to their rental income from a property leased to a Wockhardt associate, explaining that Madhabi Puri Buch had no involvement in any Sebi investigations regarding the company...
"All necessary disclosures have been made to Sebi in writing right from Madhabi's appointment as a Whole-Time Member in 2017, including details about the propertys market value and the rental income derived from it," they said.. "Making such baseless allegations reflects a clear disregard for the comprehensive legal framework and mechanisms that govern public institutions like Sebi and are motivated to mislead the public..
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