, Columnist
Why India’s Market Watchdog Needs Stricter Controls
Allegations over the personal finances of the regulator’s chief make a case for putting assets in blind trusts.
Madhabi Puri Buch.
Source: SOPA Images
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Ignoring the credibility crisis at the very top of the Securities and Exchange Board of India won’t make it go away. Nor will chair Madhabi Puri Buch’s decision to stop answering questions about her potential conflict of interest prevent the opposition Congress Party or Hindenburg Research from asking them.
Buch, the first SEBI chief from the private sector, is yet to respond to the opposition party's repeated questioning of her income sources, though she was quick to deny the short seller’s criticism of her past investments.