SEBI To Address Employee Complaints ‘Amicably’ Via Internal Channels

SEBI announced on Monday that it will address employee concerns through internal channels. The capital markets regulator confirmed it withdrew the press release from September 4, 2024.

Employee Concerns and SEBI’s Response

SEBI acknowledged its employees’ role in developing the Indian securities market. It pledged to handle the concerns according to its high standards and within a set timeframe. Some employees had reported a stressful and toxic work environment last month. SEBI initially dismissed these claims as misplaced and suggested outside influences sparked the protests and demands.

Chairperson Denies Allegations

SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch have denied recent allegations against them. They stated they have never handled files related to companies like Agora Advisory or ICICI Bank since joining SEBI. They called the allegations “completely false, malicious, and defamatory” and claimed their Income Tax returns were obtained through fraudulent means.

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