Transparency on Trial: SEBI Chairperson's Ongoing ICICI Earnings Raise Conflict-of-Interest Alarms
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- In this video, Sucheta Dalal explores the serious allegations leveled against Madhabi Puri Buch, the Chairperson of SEBI, by the Congress party, which have sent shockwaves through India's financial sector. The video delves into the potential conflicts of interest, lack of disclosure norms, and the broader implications for transparency and integrity in regulatory bodies. With references to global standards and past controversies, this video raises important questions about SEBI's internal policies and the need for stricter conflict of interest rules for its top officials.
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#madhabipuribuch #suchetadalal #moneylife
Please continue to cover this topic. Mainstream media has a short memory span and has forgotten about the allegations already.
Falsehood spreads fast
When did Godi Media even Cover this ? 😂
@@sunielramchandani1682 No accept reality with humility
Mainstream media is providing full support to Modani protegé. After all a large part of the mainstream media is owned by Ambani, Adani and Rajeev Chandrasekhar.
Excellent commentary. Our regulatory framework has failed everywhere… this is real corruption.
there is no corruption she is taking money on record whole thing is based on if there is investigation against ICICI group then she might be partial towards the group but as far as I know there is no active investigation that is going on against ICICI group, everyone is just targeting her because she has come from lateral entry is my opinion.
Conflict of interest is the sole reason of biasness is it the same reason why cag body is there to check govt body that is why judiciary is there if so much trust on one person than no need of sebi or courts just go to alleged culprit if you have done crime if he she denies then case closed. If killer says nobody killed anyone and victim died natural death then no need of investigation police courts or judiciary@@omkarmadhure6197
ICICI has refuted the allegation of payment to her after retirement.
It seems Moneylife is becoming mouthpiece of Congis.
What a fall
@@omkarmadhure6197
JPC should be formed to investigate this Adani Business Model & people related to it. If their is nothing to hide for Adani , Rulling Govt. & SEBI chief why they are in denial mode every Time. If fact they are reluctant to present the facts.
Also it's suspicious that after so much shouts against the role of Adani & SEBI our PM who is very vocal much about religious topics, & making harsh statements on opposition parties is completely silent on this sensitive issue ?
, well said 💯👌@@prashantwalimbep7747
Unbelievable that the SEBI Chairperson has not resigned already. This is not only shameless, but total incompetence all round.
She has support of current dispensation
The standards of transparency r going to the gutter.
Well. She should have been sacked by now. There was a video a few days back in which the jury has said one cannot conduct an inquiry if he or she has some involvement. Here SEBI chief conducted an inquiry on Adani and she has some investment in foreign company reportedly of Gautam Adani brother
@@maqsoodqureishi9892 All these standards dont apply here. Dont talk about integrity and honesty in this country. Especially when it involves public service posts. Those guyz have taken up the jobs to exploit it, not serve.
@@husainjam They have not taken up these jobs but they have been planted or posted TO SERVE THEIR MASTERS
Finance Minister is silent on the above issue
Surprised 😮
She is playing her role of sleeping partner
FM is just another Yes Woman. In fact she must be very empathetic with Madhabi.
I am following Sucheta for past 35 years! Columnists par excellence!
Thank You
@@MoneylifeNewsBitesThis is a crucial issue, and ought to be legally contested and settled (apart from the moral question which is politically debated).
Thanks a ton, Sucheta!
Who will regulate the regulator, indeed!
No word from SEBI!
This is the best example of the slogan " Chowkidaar hi chor hai "😅
Not SEBI,After ICICI clarification,Ms Dalal needs to give explanation
Toolkits cannot win
Five years down the line, there will be a flood of memoirs written by people in top positions who saw corruption of the highest levels but could only watch it helplessly.
That is my view also.
Just like MM Singh press asst ( I don't remember his exact destination) wrote a book after MM Singh was not the PM that MM Singh was an accidental PM.
Very serious allegations
It can happen only in India 😢
True. The only country where acres of land is awarded at Rs 2/sqmt where other business org paid FOUR HUNDRED TIMES THAT RATE for similar parcels of land. The only country where a businessman was awarded defence contracts without any prior domain experience DESPITE having created one of India's biggest NPAs and DESPITE India having far more experienced domain experts. Banana Republic.
It is too late for the Chairman of the SEBI to step down. The Chairman should not continue even for a minute owning responsibility for non disclosure and non transparent., conflict of interest, self interest and personal gain in each of the decisions taken. Facilitating few crony capitalist and making millions of inverstors in danger of losing money and faith in the Indian capital markets
She had also become like a ruthless and shameless politician.
Few points for your perusal:-
1. Case should be forwarded to IOSCO (International Organization of Securities Commissions ) for transparency purposes.
2. After a down circuit Limit on 21 January 2008, SEBI chairman Damodaran had issued a margin call order at late evening which caused another crash the next day.
3. Circa 2012, SEBI has introduced a seven minutes pre-market window, where Nifty moves 500 points but FNO hedging/ trading is not allowed. It is this pre-market that causes losses to 90% traders.
well thought!
Very valid points. I hope the decision makers act on this.
The party that came to power to cleanup corruption...Electoral Bond,Selective investigation. is giving me a feeling Congress is an Angel
Absolutely !! What a disgrace and disappointment they are.
Even corrupt are feeling proud of themselves
Bais mentality
Corruption is new normal
Needs intense investigation, for sure.
Did the top Gurus of the ICICI Bank - Mr Vaghul and Mr Kamath - neglect to inculcate high moral values in their most famous Shishyas - Ms Kochar, Ms Sharma and Ms Purie-Buch?
I doubt Kamath 's integry.
He is the top adviser for many big companies.
When CJI appointed a panel to go tho Hindenberg report and advise
among others MrKamath and MrBhatt were there.
I told my friends to buy Adani group shared as both are corporates well wishers.
I proved right
The biggest disservice that Kamath has done to this nation is not in grooming low integrity leaders like Kochar, Sharma or Buch.... it is in foisting the scoundrel godman Jaggi Vasudev....
@@mangalapallivcan you explain how and why he's responsible for that scoundrels fame ?
Kamath acolytes all.
No chance that Kamath is as clean as people are imagining. Simply put Kochhar wasn't that original, and high-ticket lending wasn't that clean in India ever - just the person who received the brownies changed. That said, Kamath may not have been as ruthless and careless as Kochhar - would have covered his tracks.
The best part of the video is the comparison with other regulators around the world! That’s good research and journalism!
Since few months allegations and misdeeds of SEBI chairman Madhbi Buch are regularly in the media and Congress party these are very serious matter as this is pertaining to the capital market regulator SEBI ,govts silence on a serious matter is condemnable
The other issue that is not addressed enough here is, large parts of the general public including people who trade seem to think these actions are not an issue at all and have no understanding of conflict of interest. In fact conflict of interest is seemingly the prize.
Can we have Sucheta dalal as Sebi chief? You are the most eligible person to run the stock market in best transparent way. You have saved stock market once, time to fight again 👍
Appreciate your kind words.
THE INVESTOR COMMUNITIES AND INDIAN PEOPLE ARE BLESSED TO HAVE MS. SUCHETA DALAL. GOD BLESS YOU.
all the rules and regulations are for the poor trader, who anyway makes losses! or pays a huge tax to Govt.
what poor trader i am also a small trader but i dont trade everyday thats why i make profit i wait for right opportunity if u jump in market and expect to make profit every single day every single time u really dont know how to trade sadly we have too many wokes like u who are ready to blame gov and others instead of focusing on ur trades
Wonderful explanation. The SEBI Chairperson should be above any suspicions
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@@MoneylifeNewsBites I am already a subscriber
If in US OR UK SEBI chief would hv been in trouble.
We saw Nancy Pelosi how their system works 😅
@@roxymax8917It's a propaganda. Can't compare with this case
Would have resigned on the day Hindenburg's report was out.
this is so critical to uphold the credibility of the country's top statutory body ! i am shocked at things not being in place already
Even a kirana shop owner has better disclosure than sebi wtm s , md .....its as if madhabi puri, has exploited all dark corners in sebi...
Crystal clear, lucid narratives to the point......topsy turvy things happening in Modi regime and Buch episode also is one of them !!
Thank you for being vocal and your detailed analysis and in fact policing the Indian Capital market. This time the...Dirt is right...at the top. Hope Justice catches up....
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@@MoneylifeNewsBites Sure will do
Why is Govt silent & Not taking any action?? Sad state of affairs. Is she holding some dark secrets of Govt??
Because if they take action it has the potential to open up a can of worms which won't be nice for Gotam and Narinder.
How and Why this shameless person is hanging on in this position.
Chanda kocher's role in this?
meanwhile govt servants in UP have been refused salary pending property disclosures. Excellent initiative, but why grant exceptions to the well-heeled
Because any disciplinary action against her may open a can of worms. After all she is Modani's protege and hired to run their show.
One of the most shameless SEBI person we have got. No one is taking responsibility. Common guys!! Take some responsibility, show some guts & for god sake, clean this mess up. OMG, people are next level corrupt now days!!
Shouldn't she step down even for a fair investigation to take place !!From the look of it, there is something wrong
If that is followed by people in high places including ministers then India would have progressed so much .
well educated officials indulging in corruption is an insult to those who sacrificed their life for our independence
Well explained Ma'am ❤🎉
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Isn't there any honest Indian left regarding whose values other Indians can be rightly proud of?
No chance. Your fellow citizens chose a ringmaster, so enjoy the circus.
Thanks mam. Very mature talk.
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This lady if --one can call her that --considering the charges made by SEBI employees that she humiliates, shouts, calls them names needs to be given the sack immediately for de meaning the high office of chairman of SEBI. Even the investors wealth is in jeopardy with such rot holding this prestigious office
Thank you ma'am
Most welcome 😊
Most Indian politicians & bureaucrats misuse their powers for personal gains. Is this government very serious about ethics & morality in public servants?. I don't think so because the Govt is run by both looters. Where can you go & complain?.
Absolutely correct. That is the genesis of all problems.
Otherwise country would have progressed so much given our talent
This is such a shocking turn of events. The investigation must take place and it should go up to the CJI for a property verdict against the guilty people.
Smirking Buch looks like an intelligent evil
Good questions asked mam. And this needs to be taken seriously. The world is watching India and Indian Markets.
If this is the state of transparency with respect to the chief of market regulator, how will any investor have the confidence to invest in our markets?
Thank You .I'm glad you found the information helpful.
Sebi Chairperson is totally involved in supporting Corporates manipulate share price 😢😢
Hello Sucheta, Kudos on your awesome work over the past three decades.
In this case, MPB has invoked the 10 year greenshoe option for claiming ESOPs. If you investigate, you may find from the Board Minutes of ICICI Bk that the ESOP Rules were amended and tailored by Ms. Chanda Kochhar and Co as a gift to MPB. What a shame... It seems as though we still are a banana republic where transparency, laws, rules and regulations are meant to harass the weak and protect the powerful and well connected.
Thank you
Good job at explaining Sucheta. We want to know what's going on. Thank you for telling us.
But Sucheta alone can't do it, we need the legacy media to step up.
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Smt. Sucheta Ji The Pandora Box Open Of Corruption Of Butcher Woman. That's Why Their Become Richer And Richer Day By Day. Culprit Is Culprit. Bjp And FM Protect The Butcher. Regards Ajay Kumar. Thank You.
Mr Kotak, Chair of Sebi corporate governance Committee suggested removing quarterly reporting to save compliance costs on firms
It takes a discuit out of anyone's book
‘When in doubt, throw it out’ is an adage that is embraced by those concerned about food safety.
Excellent review. As a member of IOSCO, SEBI has as yet not met the 2003 principles and codes that apply, specifically on the issue of conduct of staff without conflicts of interest.
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She is an appoibtee of Adani
Wow I could claim my ESOP even after not meeting the threshold 😊50 lakh worth of vesting I left, and sebi chairman got in net which weaved by own hand 👏 this classic example,
Normally we have disclose when joining or every during tax , we have to arrested her ca or held accountable,
For common individual if get bonus post joining company we will end disclosure of that in year end
How can it miss
Does it mean we should do the same , my mind is boggling, iam pay tax equivalent to 1 years salary of my first work , this kind being good citizen is not good for family scenario
Rules are for us NOT for them 😂😂
Haha....and ask how many honest and diligent tax payers are fatigued by wrong claims by IT? In democracy, all animals are equal, it's just that some animals are more equal!!
Valid points and questions, Buch has to go or sacked.
Well put, Sucheta! One needs to understand the pros & cons of holding a post as Sebi Chairman before accepting it.
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As usual To the point and explained ALL IN ALL....thnx..jsk SD USA
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Horrible things are happening in our country especially in the financial sector. Shame.
13:01
You might think it would be hard for Paulson to adjust to a meager
government salary. But taking the job as Treasury secretary was the best financial
decision of his life.
Paulson had to sell his 485 million dollars of Goldman stock when he went to work for
the government. But because of a law passed by the first President Bush, he didn't have
to pay any taxes on it. It saved him 50 million dollars. (Source: Inside Job Written By Charles Ferguson)
SEBI chief is the excellent example of Lateral entry appointment "one job many salary" 🤨🤔
when watch dog has an outside master 😂
Moneylife is a very genuine platform.
They criticised mms congress govt. Now criticising modi bjp.
Hi not sure if you remember me… from the TOI BT days… loved the Vlog…
Very well explained mam❤❤❤🙏🙏👌
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I was head of utility regulation and had strict rules to avoid an actual or even appearance of a conflict. Any incidental or inadvertent conflict to be promptly disclosed. Moreover any such declaration was subject to FIOA, I.e RTI..
Tysm for such crisp detailing
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ICICI Bank never hide details from USA STOCK EXCHANGE..BUT IS NOT DISCLOSED TO STOCK EXCHANGE IN INDIA. AS OF BLESSINGS OF MS BUCH AND WOULD HAVE BEEN QUID PRO PRO OF FAVOURING ICICI BANK
Excellent analysis and details. Thanks a lot
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Top class explanation .hats off
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Excellent message. Please cover more on this topic. Main stream media will not talk anything about this.
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Namaskar :)
Aap jaise Imandar aur bebak patrakar system me public ki awaz uthakar bahut behatarin kam kar rahe he
Financial forensic journalism ki bahut jaroorat he
Aapke ethics ko naman ..jo bahut bade bade industrialist ko bhi jhuka dete he
धन्यवाद! मुझे खुशी है कि आपको जानकारी उपयोगी लगी। ऐसे ही और कंटेंट के लिए कृपया हमारे चैनल को सब्सक्राइब करें।
Ma'm your analysis is so good and the reasonings so clear and. Logical. Please continue to cover this topic.
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Adani makes the budget, Adani appoints the FM, Adani appoints the SEBI chief......Adani runs the government......so where is the problem?
We are proud of you ma'am..
This is what we expect from a veteran analyst and commentator like you... 🙏
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Madam your reporting is excellent - well explained and of course great reaserch.
Holding any ESOPs Put Option is as beneficial as holding a scrip. Directors of SEBI are not allowed to hold shares of listed companues. Then how could one hold the options? She would have a clear vested intetest that the price of that scrip continue to soar, and not tank.
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@@MoneylifeNewsBites certainly - already subscribed. Thank you
Kindly also include favouritism done to icici bank to enable them to delist icici securities at dirt cheap valuation.
Mam, it’s much bigger than what you have exposed previously. Regulator is involved in irregularities. Imagine if it happened in the USA: regulators book for 10 to 15 years of jail time and penalties. This is the only reason (corruption) we will not be developed nation.
It is sad that Hindenberg is not given the credit it DESERVES. the SEBI chairperson should resign not because we love her less but because we love our investment community more!
And she sheds crocodile tears for the retail innvestor..her froth statement spooked the mkt..also action against Quant..was it on behest of another mutual-funds house
Kindly raise the issue of isec delisting . As a shareholder of isec i feel that i got robbed by sebi and icici bank. Despite being pressurised by icici bank officials, i voted against the resolution.
A popular adage is " where there is smoke, there is fire". The present Government has made it a policy not to take action on anyone when wrong doings are brought out against persons holding power under its mandate- even when actual fire is seen by everyone- whether it was Brij Bhushan facing rape charges or Madhavi Puri Bhuch facing innumerable question marks against her conflicts of interest. The Modi Government studied the price Manmohan Singh had to pay for taking prompt actions when charges were brought out and has made it a policy to keep mum! Street protests won the wrestlers' case. Do they want something similar at SEBI? Hundreds of SEBI employees took part in some demonstrations, albeit not related to the issue, but will some related inside stuff be coming out? I wonder..
🙏. Tat Sat. Excellent video msg.. Golden escape chutes with golden parachutes wanton technical jargon not imbibed for top honchos and p leaders conflict of interest and actions are unfortunately kept free of responsibility, accountability and no punitive actions if malafide intentions and actions are proven, no prohibition all nicely kept loose and wishy washy for escape. Unfortunately because of such lacunae Bharat and Bharatiyas suffers, they all deserve much better highly ethical, decisive administrative skills set personalities with top notch integrity like TN Seshan, R Sreedharan , Khairnar etc. Sins of Ommision and Commission stinks. Hope good sense prevails ji before it is too late.🙏.
On the same analogy government should allow all its government servants to be employees of private companies simultaneously even when those companies are beneficiaries of several schemes/plans of government departments. It's unbelievable when these people are pontificating everyone about morality, ethics,etc. Shameful central government.
I file the rti about disclosure of sebi then in reply of this rti executive director of sebi says to it is not for public interest so we can’t disclose
When WATCHDOG is WATCHED…..Watching on the WATCHDOG…..a hilarious & Ridiculous but shameful situation…..REGULATOR position COMPROMISED
Mr subash chandra himself and his son siphoned away more than 3000 crores and should be be last person to talk about transparency and good corporate governance.
Madhavi sabki buch laga rahi ya uski buch lag gayee.
Absence of rules , where ANYTHING goes ,n such is part , MAJOR , of our economy .
Great reporting.. SD
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Allegations are ok, people are free to accuse. But evidence is required for prosecution. Clearly there isn't enough evidence (yet) for charges and prosecution.
Silence of finance ministry and main stream media is not debating on it shows the powerful backups
From the Google it says that after leaving 60 days for buy back or given to the employee. What was her share holding statement. What about the Dividend received. But just 9cr one MD was booked. But thus is really sad.
Both FM and Ms Buch continue their silence even about the recent allegations from Hindenburg. When can we expect the clarification now about Hindenburg allegations
Tcs auditing should be done for last 1.5 year data specifically ,along with employee count
excellent analysis.
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Another imp point is she was arrogant it seems SEBI employees written mail to FM but no action taken another point is she was targeting retail traders by imposing strict rules was she batting for FIIs and DIIs recently she had plan to make derative trading expensive for retailers by increasing margin from 5 lacs to 20 lacs making option trading out of reach to middle class
She has filed a case against Hindenburg which can answer the ambiguities
Respected
Honable
Ma'am
Nice to see you
Thanks a lot
Sucheta is d same during d last many many years.. strong, fair n charming.
Thank You
No one has guts in our country to say things the way you do in plain and simple terms on these matters - kuddos
I am a witness to the way rigging is done by Zee Biz.
The present Chair[erson of SEBI was not regulating the organizational interest, rather was protecting her own interest. The govt. should not protect the individual, it must see the integrity of the organization remain intact. I am sure Mrs Madhavipuri has to go sooner or later. But the longer she stays there on the Chair, the more would be the damage to the capital market. Let us see how much damage the govt. is going to afford in the interest of Mrs Madhavi Puri.
Well exolained
Thank You