Market regulator SEBI’s chief Madhabi Puri Buch is not getting rid of controversies. Before one controversy is settled, another new controversy arises. This time, serious allegations have been leveled against her like spoiling the office environment, misbehaving with co-workers and using abusive language.
SEBI officials complained to the government
According to a report by ET, these allegations against the SEBI chairperson have been made by SEBI officials themselves. The report said that SEBI officials have complained to the government about the bad behavior of the regulator’s chief Madhabi Puri Buch and have accused her of spoiling the working environment (toxic work culture). SEBI officials made this complaint to the Finance Ministry last month.
Misbehaves with employees
According to the report, SEBI officials have written a letter to the Finance Ministry and informed about their complaints. They say that Madhabi Puri promotes a toxic work culture. During her tenure, shouting at people in meetings and insulting them in front of everyone has become a common thing. However, SEBI says that this issue has been resolved.
Controversy started with Hindenburg’s disclosure
Madhabi Puri Buch has been in constant controversy for about a month. Her name first came into controversy when American short seller firm Hindenburg Research revealed that the SEBI chief and her husband have a commercial relationship with the Adani Group. However, Madhabi Puri Buch and her husband rejected Hindenburg’s allegations. The Adani Group also issued a statement denying any commercial relationship with the SEBI chief.
allegations of corruption
Recently, corruption charges have been leveled against him. Zee Group founder Subhash Chandra made this allegation on Tuesday. Before that, opposition parties had raised questions about the compensation received by Madhabi Puri Buch from her former employer ICICI Bank.
500 employees signed the complaint
Talking about the latest controversy, ET claims that it has seen the letter sent by SEBI officials to the Finance Ministry on August 6, in which the SEBI chief has been accused of spoiling the working environment. When ET contacted SEBI regarding this, it was told through email that SEBI has already resolved this issue of the employees. According to the report, the complaint letter sent to the ministry has signatures of about 500 employees of SEBI. The total number of employees of SEBI is about 1 thousand.
Also read: You will be able to do SIP at the price of a coffee, Madhabi Puri Buch said- we will surprise the world
