NEW DELHI: Congress Saturday alleged that Sebi chairperson Madhabi Puri Buch was trading in " listed securities " during her tenure at the agency and had also invested in China-focused funds , lobbing fresh accusations at the market regulator and dismissing the clarifications issued by her and her husband a day before. Congress spokesperson Pawan Khera, displaying tables of purported trading of Rs 37 crore by Puri Buch, said the trades took place between 2017-18 and 2022-23 while she was a member and subsequently chairperson of Sebi, which constituted a violation of Section 6 of the code on conflict of interest for members of the board. He, however, did not disclose the nature of securities that were traded.
Khera also alleged that between 2021 and 2024, Puri Buch invested in four overseas exchange-traded funds (ETF) - which are like mutual funds and can be traded on exchanges - including in Global X MSCI China Consumer (CHIQ) and Invesco China Technologies ETF. Neither Sebi nor Puri Buch commented on the fresh accusations. While CHIQ seeks to invest in large-and mid-capital segments of the MSCI China Index classified in the Consumer Discretionary Sector, the second fund is based on the FTSE China Incl A 25% Technology Capped Index, according to information available on websites.
On Friday, the Sebi chief and her husband, Dhaval, had dismissed the earlier charges as "false, incorrect, malicious and motivated" and said that all disclosures had been made. As a top regulatory of.
