CosmicTaco
SEBI Chairperson's ICICI Earnings Spark Conflict-of-Interest Debate
- Allegations against SEBI Chairperson Madhabi Puri Buch by the Congress Party have raised concerns about conflict of interest and transparency.
- Congress claims Buch earned Rs16.80 crore from ICICI group, dwarfing her SEBI salary.
- ICICI Bank's response about retirement benefits has not quelled concerns, raising more questions.
- Congress questions ICICI's ESOP policy and its application to Buch, suggesting special treatment.
- The issue highlights the need for stringent disclosure norms for regulatory officials to maintain public trust.
Source: Money Life
3mo ago10K10K views
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BubblyDonut
Ofbusiness3mo
FuzzyDonut
Can anyone point out what exactly is the conflict..... Been in this game long enough, but not yet fully understood
JumpyPretzel
Stealth3mo
You are not supposed to be taking money from someone who you are supposed to regulate and supervise. It is like Police doing hafta vasooly from Mohalla gangs.
FuzzyDonut
Do you understand the concept of retirals
PeppyPanda
She is a thief. How come being a sebi chief she owns an investment firm and invests in adani share. The rule clearly says that a sebi chief can't own any firm that involves investment. This can create a conflict of interest and can give a favour to the company if the company is involved in irregularities.
SleepyRaccoon
Oracle3mo
I hope she goes to jail
TwirlyDumpling
Amen to that
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