Ending their silence on the allegations levelled by the Congress, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), and her husband Dhaval Buch on Friday said that their income tax (I-T) details were obtained "illegally" and "twisted deliberately to create a false narrative".
Without naming the Congress, the Buchs rebutted almost all the accusations levelled by the main opposition party in a series of press conferences. This is their second detailed response since short-seller Hindenburg first made allegations of an conflict of interest in early August - but first since the Congress launched attack on the first Sebi boss from the private sector.
In a six-page letter, Madhabi and Dhaval rubbished allegations of conflict of interest, corruption and lack of transparency, particularly with regard to the income generated from her ex-employer, the ICICI Group, and other corporates through their consultancy firm Agora Advisory.
Labelling the various claims as "false, malicious, and motivated", the couple hinted that they may seek legal remedy.
This story is from the September 14, 2024 edition of Business Standard.
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This story is from the September 14, 2024 edition of Business Standard.
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