A section of Sebi staff protests, seeks Buch's resignation
Business Standard|September 06, 2024
A group of disgruntled Securities and Exchange Board of India (Sebi) employees protested outside the market regulator's headquarters on Thursday, seeking the immediate resignation of chairperson Madhabi Puri Buch, and the withdrawal of the press release that termed their grievances "misplaced" and "misguided" by external elements.
KHUSHBOO TIWARI

Sources said the employees held a meeting with the whole-time members to convey their concerns over the 'distorted picture' painted by Sebi's press release.

"The content of the release is not true. It is distorted and doesn't paint the right picture. It is not the right communication. This is the reason why today's protest saw the support from all other officers as well," a senior official said.

"The earlier matter had already been resolved internally and the media has blown the letter out of proportion. However, the concerns now are due to the press release issued, which doesn't give the right perspective. It is not factually correct and is not giving the true context of the aggravation," he added.

Another official said that Sebi is trying to alleviate concerns as the release has created a communication gap.

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