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SEBI Chairperson Madhabi Buch and her husband Dhaval Buch deny allegations of conflict of interest and refute claims related to rental income, ICICI Bank stock options, and consulting assignments.
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The couple provides detailed facts to counter each charge, emphasizing their transparency and compliance with governance guidelines.
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They condemn the allegations as “false, malicious, and motivated” and reserve the right to take legal action.
SEBI Chairperson Madhabi Buch and her husband Dhaval Buch have issued a point-by-point rebuttal to fresh charges of conflict of interest, rental income, and consulting assignments. In a statement, they denied all allegations, providing detailed facts to counter each charge.
The couple emphasized their transparency and compliance with governance guidelines, stating that all necessary disclosures were made to SEBI. They condemned the allegations as “false, malicious, and motivated” and reserved the right to take legal action.
Madhabi Buch also clarified that she had not dealt with any files related to the companies mentioned in the allegations during her SEBI tenure. The couple’s statement highlighted their commitment to upholding the highest standards of governance and integrity.
The allegations against the Buchs have been ongoing, with claims of conflict of interest and impropriety. However, the couple’s detailed rebuttal aims to set the record straight and demonstrate their commitment to transparency and accountability.
