Spokesperson: Shri Pawan Khera: He said that SEBI Chairperson Madhavi Puri Buch was a full-time member of SEBI from April 05, 2017, to October 04, 2021. SEBI is a regulator. SEBI has the role of regulating the market in which we all invest our money. This is a crucial role. The Chairperson of SEBI is appointed by the Cabinet Appointment Committee, the Prime Minister and the Home Minister of our country.

SEBI Chairperson was drawing salary from ICICI Bank even when she was a whole-time member of SEBI from 2017 to 2024. When you are a whole-time member of SEBI, why were you drawing salary from ICICI Prudential?

The TDS on ESOP was also being paid by ICICI. ICICI Bank is paying salary to the Chairperson of SEBI, the highest-ranking person in an important regulatory body. This is a direct violation of Section 54 of SEBI (Employee Services) Regulations, 2001. This is a clear case of Office of Profit.

Between 2017 and 2024, as a whole-time member and then as Chairperson, she took Rs. 22,41,000 from ICICI Prudential. Why did she take that? During this period, she has taken a total of Rs. 12,63,47,239 from ICICI Bank and Rs. 22,41,169 from Prudential. She has taken ESOP of Rs. 2,84,12,918 and TDS of Rs. 1,10,20,817 was paid by ICICI. So, in total, she has taken Rs. 16,80,22,143 from ICICI during this period. During the same period, she has received Rs. 3,30,28,246 as salary from SEBI. She is taking salary from ICICI, this is violation number one. Number two, during this time many cases of ICICI and their investigation are in the hands of SEBI. SEBI is adjudicating on those cases, giving judgment on them.

The questions will be asked from the Prime Minister because ACC is under him. The first question we will ask the Prime Minister is- what are the appropriate and proper criteria for the appointment of the heads of regulatory bodies?

The second question we have for the Prime Minister is that the ACC is working under the Chairmanship of the Cabinet Appointment Committee, whose supreme head is the Prime Minister himself. Did these shocking facts come before that ACC?

Third question to the Prime Minister - Was the Prime Minister aware that the Chairperson of SEBI is sitting in an Office of Profit and is drawing salary from ICICI, while she is also drawing salary as a whole-time member of SEBI?

Our fourth question to the Prime Minister - Is the Prime Minister aware that the whole-time member of SEBI is drawing income and salary from ICICI? It has been published in the Economic Times that SEBI changed its own guidelines to help ICICI.

ESOP also has a policy, why did the SEBI member or the SEBI Chairperson continue to get ESOP benefits from ICICI even after leaving ICICI for so long?

Now we have only one question for SEBI - are there any other companies from which you or your close family members are taking this kind of or similar benefit? The country has the right to know this because crores of people have interest in the stock market, we invest money, we all have the right to know this. Monday, 2 September, 2024