Cong levels new charges against Sebi chief, asks PM to come clean

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Cong levels new charges against Sebi chief, asks PM to come clean - Business Standard

Quick Summary:

The Congress on Monday levelled fresh conflict of interest allegations against SEBI Chairperson Madhabi Buch and asked Prime Minister Narendra Modi to come clean as the head of the appointments committee of the cabinet on her appointment.

At a press conference, the Congress alleged that since the current SEBI chairperson took office in 2017, she has not only been drawing a salary from SEBI but has also been holding an office of profit at the ICICI Bank, continuing to receive income from them to this very day.

The opposition party said the Supreme Court should take cognisance of these fresh revelations and demanded that the Securities and Exchange Board of India (SEBI) chairperson should be dismissed immediately.