Continuing with its attacks on Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, the Congress on Friday accused her and her husband of receiving rental income from a company affiliated to Wockhardt Ltd., which was being probed by the market regulator. Addressing a press conference, Congress spokesperson Pawan Khera said this was "not just conflict of interest, but a case of out-and-out corruption." He also asked, "Is it ethical, is it legal?"
Khera alleged that Buch and her husband own a property in Mumbai which was let out to Carol Info Services Ltd, a subsidiary of Wockhardt Ltd. He said it was between 2018 and 2024, when Buch was a full-time member and then chairperson of SEBI that she received Rs 2.16 crore in rental income from Carol Info Services Limited. Providing a break-up of the payments, he said, "the rent for this property was Rs 7 lakh in, "In 2018-19 and it increased to Rs 36 lakh in 2019-20. Thereafter, in 2023-24, she received a rent of Rs 46,05,000 from the firm."
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