Hindenberg Report: Who Is Madhabi Puri Buch? The SEBI Chief Allegedly Involved In ‘Adani Money Siphoning Scandal’ | Economy News

However, the SEBI chief Madhabi Puri Buch and her husband Dhaval Buch strongly denied the allegation levelled by Hindenburg Research in a joint statement issued today. 

According to reports, the couple secretly held stakes in obscure funds based in Bermuda and Mauritius, which were integrated into a complex financial structure utilized by the Adani Group. (Also Read: Hindenburg’s New Report: Who Is Dhaval Buch, the SEBI Chief’s Husband, Allegedly Linked To Adani Money Siphoning Scandal?)

Who Is SEBI Chief Madhabi Puri Buch?

Madhabi Puri Buch, born in 1966, is currently the chairperson of SEBI, and the first woman to hold this position. She completed her schooling at Fort Convent School in Mumbai and Convent of Jesus and Mary in Delhi. She graduated from St. Stephen’s College, Delhi, with a specialization in mathematics, and later earned an MBA from IIM Ahmedabad.

Madhabi began her career at ICICI Bank and later joined ICICI Securities. She served as an executive director at ICICI Bank for 12 years and was the Managing Director and CEO of ICICI Securities from February 2009 to May 2011. 

. Over the years, she has held various roles, including working with the BRICS New Development Bank. She is married to Dhawal Buch, and they have a son named Abhay. (Also Read: Share Market Crash Ahead? Hindenburg Report Reveals SEBI Chief’s Alleged Role in Adani Scandal)

In April 2017, Madhabi was appointed as a whole-time director at SEBI. After her tenure, she was selected to serve on a seven-member tech committee to help design SEBI’s in-house technological systems.