SEBI Chief Madhabi Buch Under Fire: Employee Revolt And Political Scrutiny

On September 5th, the SEBI headquarters in Bandra-Kurla Complex saw day-long protests from nearly 500 employees, alleging a toxic work culture and leadership failures. A leaked letter to the Finance Ministry, dated a month earlier, highlighted these issues. Opposition leaders, including KC Venugopal of the Public Accounts Committee, hinted at summoning SEBI Chairperson Madhabi Puri Buch for a rare review. Amid accusations from Hindenburg Research and Congress leader Rahul Gandhi, Buch's position has come under intense scrutiny. As her term nears its end in March 2025, further responses from SEBI are anticipated.