The capital markets regulator said in a statement that a previous press release “dated September 4, 2024 is withdrawn.”
"SEBI believes that its employees have played a pivotal role over the last thirty-six years in transforming the Indian securities market into one of the most dynamic and well-regulated markets globally," the markets regulator said in its latest statement. .
Following constructive discussions with representatives of all grades of officials, "SEBI and its employees have reaffirmed that such matters are strictly internal and will be managed in accordance with the high governance standards of the organization and within a given time frame," it added. .
Some SEBI employees claimed last month that there was "immense pressure" on the markets regulator, resulting in a "stressful and toxic work environment".
SEBI responded by saying that claims of unprofessional work culture were "misplaced" and added that some "external elements" instigated its employees, leading to protests and recall demands.
In its latest statement, the markets regulator said that "employees have strongly condemned the unauthorized disclosure of internal communications and have confirmed that all concerns will be addressed amicably through established internal channels."
In a separate development, SEBI chairperson Madhabi Puri Buch, along with her husband Dhaval Buch, last week denied the recent allegations made against them, saying that they have never dealt with any file involving Agora Advisory, Agora Partners , Mahindra Group, Pidilite, Dr Reddy's. , Álvarez y Marsal, Sembcorp, Visu Leasing or ICICI Bank at any stage after joining the markets regulator.
The statement, issued in his personal capacity, said the allegations are "completely false, malicious and defamatory." The couple claimed that their income tax returns have been obtained through fraudulent and illegal means.
"SEBI believes that its employees have played a pivotal role over the last thirty-six years in transforming the Indian securities market into one of the most dynamic and well-regulated markets globally," the markets regulator said in its latest statement. .
Following constructive discussions with representatives of all grades of officials, "SEBI and its employees have reaffirmed that such matters are strictly internal and will be managed in accordance with the high governance standards of the organization and within a given time frame," it added. .
Some SEBI employees claimed last month that there was "immense pressure" on the markets regulator, resulting in a "stressful and toxic work environment".
SEBI responded by saying that claims of unprofessional work culture were "misplaced" and added that some "external elements" instigated its employees, leading to protests and recall demands.
In its latest statement, the markets regulator said that "employees have strongly condemned the unauthorized disclosure of internal communications and have confirmed that all concerns will be addressed amicably through established internal channels."
In a separate development, SEBI chairperson Madhabi Puri Buch, along with her husband Dhaval Buch, last week denied the recent allegations made against them, saying that they have never dealt with any file involving Agora Advisory, Agora Partners , Mahindra Group, Pidilite, Dr Reddy's. , Álvarez y Marsal, Sembcorp, Visu Leasing or ICICI Bank at any stage after joining the markets regulator.
The statement, issued in his personal capacity, said the allegations are "completely false, malicious and defamatory." The couple claimed that their income tax returns have been obtained through fraudulent and illegal means.
