In a recent RTI response, SEBI disclosed that information related to instances where SEBI chairperson Madhabi Puri Buch recused herself due to potential conflicts of interest is not readily available, citing a disproportionate diversion of resources. The regulator also refused to provide copies of Buch’s declarations on financial assets, citing personal safety concerns.
SEBI’s Central Public Information Officer denied requests for disclosure of dates of these declarations, invoking privacy and safety exemptions under the RTI Act. While public interest can override protected interests, SEBI emphasized that relevant disclosures were made by Buch as required.
US-based short seller Hindenburg Research raised concerns over SEBI’s alleged inaction against the Adani group, suspecting Buch’s ties to offshore funds associated with the conglomerate. SEBI clarified that the allegations were investigated, with most investigations against Adani already completed.
Despite controversies, SEBI remains committed to upholding market integrity and investigating potential conflicts of interest within its ranks. The transparency activist’s quest for information sheds light on the complexities of regulatory oversight and personal privacy issues.
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