The Lokpal dismissed three complaints filed against Madhabi Puri Buch, former Chairperson of the Securities and Exchange Board of India (SEBI), after concluding that there was no prima facie case for directing an investigation into allegations of corruption. The common order dated May 28, 2025, was passed by a Bench of Justice AM Khanwilkar (Chairperson), … Read more
Another key allegation was that Buch’s husband, Dhaval Buch, received over ₹4.78 crore as consultancy fees from Mahindra & Mahindra (M&M) Group while SEBI was handling regulatory issues related to the group. Rejecting the claim of quid pro quo, the Lokpal noted that “this allegation is speculative and borders on frivolity,” adding: “It is not … Read more
Feb 28, 2025 04:41 AM IST SEBI chairperson Madhabi Puri Buch’s tenure ends on March 1. She took office on March 2, 2022, as the first woman to lead the regulator. Finance secretary Tuhin Kanta Pandey has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI) for a three-year … Read more