AssetID: 54106387
Headline: UNCAPTIONED: Growing Allegations Target India's Market Regulator
Caption: Growing Allegations Target India's Market Regulator. India’s market regulator, the Securities and Exchange Board of India (SEBI)is facing a crisis of credibility as multiple allegations surface against its chairperson, Madhabi Puri Buch. Accusations include conflicts of interest, with claims that she and her husband held investments in an offshore fund tied to the Adani Group. This came after US-based Hindenburg Research implied SEBI was delaying an investigation into Adani. The opposition Congress party has accused Buch of financial misconduct, including receiving rental income from a company she was investigating and profiting from a past role at ICICI Bank. Meanwhile, media mogul Subhash Chandra Goyal blamed her for a failed merger between Zee Entertainment and Sony, calling her “corrupt”. Adding to the turmoil, SEBI employees protested at the regulator’s headquarters, alleging a toxic work culture under Buch’s leadership. SEBI has denied the claims, calling them “misplaced” and possibly influenced by external forces. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: India,market regulator,Securities and Exchange Board of India,SEBI,facing,crisis,credibility,allegations,surface,chairperson,Madhabi Puri Bach,fraud,corrupt,conflicts of interest,offshore,Adani Group,Hindenburg Research,protest,workers,toxic workplace,failed,merger,media mogul,Subhash Chandra Goyal
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