look news india
Another controversial disclosure has been made about Madhavi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), which is already mired in controversies. Another such disclosure has been made.
K, Madhavi Puri Buch worked simultaneously in ICICI Bank Limited and private equity company Greater Pacific Capital between 2011 and 2013. After this revelation, the question now arises that how can Madhavi Puri Buch work in two financial companies at the same time?
According to a report that surfaced in the news media, it has been revealed that Madhavi Puri Buch, who resigned from the post of Chief Executive of ICICI Securities Limited in April 2011, worked in ICICI Bank till October 2013. This is also supported by the information that ICICI Bank gave to the stock exchange on September 2. The private bank said in the information given to the stock exchange that Madhavi Puri Buch retired from her post on October 31, 2013. On the other hand, Madhavi Puri Buch's profile available on professional networking platform LinkedIn shows that during this period she also worked as the Head of Business Development with Singapore-headquartered private equity firm Greater Pacific Capital.
When Madhavi Puri Buch was appointed as a whole-time member by SEBI in 2017, her stint with the private equity firm was cited. A SEBI press release dated April 5, 2017 also stated that Madhavi Puri also served as the Singapore office head of Greater Pacific Capital, the equity firm owned by Buch. And she also served as managing director and chief executive officer at ICICI Securities Ltd and executive director on the board of ICICI Bank. Madhavi also served as a whole-time member of SEBI between 2017 and 2021, before assuming office as SEBI chairperson in March 2022.