There are grave claims that the chairman of SEBI, the stock market regulator, receives pay from three different corporations.

The head of the Securities and Exchange Board of India (SEBI), which oversees the country's securities industry, Madhbi Puri Buchmathi, has been charged by the opposition party.

In addition, he has claimed that he received monthly salary payments from three separate organizations while holding the position of SEBI.

Congress spokesperson Pawan Khera claimed during a press conference that evidence from multiple ICICI Bank probes indicated Madhabi Puri Buch was getting money from the organisation.

It is stated that he received 16.8 million Indian rupees (Varu) from ICICI Bank between 2017 and 2024. Buchmathi Hindenburg Research has before claimed that the Adani Group had ties to offshore businesses.

The Indian television channel Aajtak reported on its website that he further asserted that the SEBI chief had loosened the regulations for ICICI Bank, citing anonymous allegations. According to spokeswoman Khera, the SEBI Chairman obtained the aforementioned financial advantage from ICICI Bank while serving as the capital market regulator. In addition, he demanded that President Butch step down right away for moral reasons.

Additionally, he stated that ICI Bank, ICI Prudential, and ICI Savings have been paying him individually.

Adani and Buch are regarded as close associates of Prime Minister Narendra Das Modi. Congress has been adamantly opposed to this subject because of this. The government agencies in India also appoint the chairman of SEBI.