Madhabi Puri Buch case: Congress latches on to new row over alleged "toxic" work culture at Sebi, calls it shocking
Sebi chief Madhabi Puri Buch. In an X post on September 4, Mumbai Congress took note of Sebi's «internal rot».
It is shocking to see Sebi's internal rot exposed by its own employees, the post read.
«Allegations of a 'toxic work culture' under Madhabi Puri Buch, with accusations of shouting, fear-driven policies, and regressive practices, raise serious concerns,» it further said.
It's time for accountability and reform, Mumbai Congress' post added.
Congress' X post pertains to the unprecedented Sebi employee complaint case that unfolded a few hours earlier. In a complaint to the Finance ministry last month, a large number of Sebi officials accused the leadership of «fostering a toxic work culture».
«Shouting, scolding and public humiliation have become a norm in meetings,» the August 6 letter read. This has affected mental health and hurt work-life balance of employees, the letter added.
Various media reports said it was likely the first time that such a thing has happened at Sebi.
The latest newsbreak comes amid a barrage of earlier accusations of impropriety against Sebi chairperson Madhabi Puri Buch. These include conflict of interest over Sebi's Adani probe and Opposition's questions over salary drawn by from ICICI Bank.
Buch denied any wrongdoing, and ICICI Bank also did the same. The matters with workers have been resolved, Sebi said.
Sebi's has around 1,000 officers of Grade A and above (assistant manager and above), an ET report said. Half of them, about 500, reportedly signed the letter sent to the
