Madhabi Puri Buch and Husband Deny Conflict of Interest Allegations

Sebi Chief Madhabi Puri Buch and her husband Dhaval Buch have refuted allegations of impropriety and conflict of interest made by the Congress. They assert that the charges are baseless, defamatory, and rely on illegally-obtained information. The couple plans to take legal action and has issued a detailed rebuttal of the claims.

Sebi Chairperson Madhabi Puri Buch and her husband Dhaval Buch have firmly dismissed a series of allegations leveled by the Congress, branding them as 'incorrect, motivated, and defamatory.' According to the Buchs, these accusations are part of a deliberate effort to twist facts and they hinted at taking legal action.

In a joint statement, they stressed that the allegations are based on illegally-sourced tax information and violate privacy laws. They also noted that the accusations are being released gradually to keep public attention focused on the issue.

The statement also highlighted that Madhabi began working with Mahindra & Mahindra in 2019, before her SEBI tenure. The couple maintained that they have always adhered to the highest standards of transparency and governance. Legal action is being considered to address these 'false, malicious, and defamatory' allegations.

(With inputs from agencies.)