Mockery of public accountability: Congress slams Sebi over RTI rebuff

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Mockery of public accountability: Congress slams Sebi over RTI rebuff - Business Standard

Quick Summary:

The Congress has slammed SEBI's refusal to disclose instances when its chairperson Madhabi Buch recused herself due to conflict of interest and said that this makes a "mockery" of public accountability and transparency.

The cases where Buch recused herself due to potential conflict of interest is not "readily" available and collating them would "disproportionately divert" its resources, the securities market regulator said in an RTI response on Friday.

In the response furnished to transparency activist Commodore Lokesh Batra (retd), the regulator also refused to provide copies of Buch's declarations to the government and SEBI Board on the financial assets and equities held by her and her family members on the grounds of these being "personal information" and that their disclosure may "endanger" personal safety.