A news advertisement is going viral on social media regarding the recruitment for the post of Chairman in the Securities and Exchange Board of India (SEBI), a regulatory body under the Government of India. While sharing this advertisement clipping, it is being claimed that efforts are being made by the government to remove Madhabi Puri Buch from the Chairperson post in an attempt to save her. This claim stems from the Hindenburg report, which linked Madhabi Puri Buch and her husband, Dhaval Buch, to Adani. Hindenburg, in its report, mentioned that Adani has close ties with Buch, which is why no investigation was conducted against him. This happened after SEBI sent a letter to Hindenburg asking for an explanation regarding its report. Following this, Hindenburg published another report accusing Buch of a scandal and alleging her ties with Adani.
Sharing the newspaper clipping, the handle Rao Sahab wrote, “Kitne aaram se hatayenge buch madam ko. Bacha liya aaram se.” (Archived link)
Kitne aaram se hatayenge buch madam ko
— Rao Sahab- AICVC (@Crazybakchod) January 27, 2025
Bacha liya aaram se pic.twitter.com/G3qidOU6T9
Another handle Liz/Barsa stated, “Govt of India has given Newspaper Advertisement inviting applications before Feb 17, 2025 in search of new SEBI Chairman! Silently Madhavi Puri Buch will be sidelined and saved by her PawPaw.” (Archived link)
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Fact Check
In our fact-check research, we conducted a keyword search to determine the reason behind Madhabi Buch’s removal from the Chairperson post. During this, we found a Business Standard report dated March 1, 2022. According to the report, Madhabi Buch was appointed as the SEBI Chairperson in March 2022. Her appointment was approved by the Government of India for a period of three years.
According to a SEBI press release, Buch took charge as Chairman on March 02, 2022.
Madhabi Buch’s tenure as SEBI Chairperson was set for three years. Her removal is unrelated to the Hindenburg report. When the Hindenburg report was released, she denied the allegations and responded to the points raised, addressing them one by one. As her tenure is set to conclude in February, the government is now seeking a new appointee for the position.
| Claim | The Govt is removing Madhabi Buch from the SEBI’s chairperson post in an attempt to save her. |
| Claimed by | Social media users |
| Conclusion | Madhabi Puri Buch was appointed as SEBI chief in March 2022 for a period of three years till February 28, 2025. |
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