After Congress' allegations on SEBI Chief Madhabi Puri Buch, ICICI Bank has said that Madhavi was not given any salary or employee stock option after retiring from the bank. Buch retired from the bank on 31 October 2013. The bank said in a regulatory filing on Monday (September 2), 'ICICI Bank or its group companies have not paid any salary to Madhabi Puri Buch other than retirement benefits after her retirement. Today (Monday, September 2), the Congress party held a press conference and accused Madhavi of taking salary from 3 places including ICICI Bank while being associated with SEBI. A few hours after this, this clarification has been given by the bank. Congress had said – SEBI Chief should resign Hindenburg had said – SEBI Chief's stake in offshore company associated with Adani Group Earlier, American company Hindenburg Research released a report on Saturday (August 19) at 9:57 pm. It claimed that SEBI chief Madhabi Puri Buch and her husband Dhawal Buch have stakes in an offshore company linked to the Adani Group. Based on whistleblower documents, Hindenburg claimed that Buch and her husband have stakes in Mauritius-based offshore company 'Global Dynamic Opportunity Fund'. Hindenburg has alleged that Vinod Adani, brother of Adani Group chairman Gautam Adani, has allegedly invested billions of dollars in the 'Global Dynamic Opportunity Fund'. This money was used to boost the share prices of the Adani Group. Read full news… Know about SEBI and the controversy related to it in the Hindenburg report SEBI i.e. Securities and Exchange Board of India is an institution of the Government of India. It was established in the year 1992 to protect the investors of the stock market. In January 2023, Hindenburg accused Gautam Adani of using offshore funds to raise the prices of his group's shares. Adani denied the allegations, but the matter reached the Supreme Court. SEBI was entrusted with investigating the matter. Background: It has been almost 18 months since the report, SEBI has not taken any action
Graphics Source: VaskarAssets
SEBI chief did not take extra salary after retirement: ICICI said- did not take anything other than retirement benefits, Congress had accused him of taking ₹ 16.80 crore salary
