Trouble mounts for SEBI chairperson Madhabi Puri Buch. In an unprecedented move, SEBI officials have raised concerns about a toxic work environment under the leadership of Buch.
A letter by the officials dated August 6th, which has been reviewed by Economic Times, reportedly says and I quote Shouting, scolding and public humiliation have become a norm in meetings unquote.
This letter, sent to the finance ministry, accuses the leadership of using harsh language, setting unrealistic goals and micromanaging their work.
This development comes as Madhabi Puri Buch is facing allegations of conflict of interest with respect to SEBI's inquiry into the Adani Group.
Allegation which Buch has denied.Meanwhile, in response to the complaint, SEBI has said that the issues with the employees have been resolved.
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