Source: Money Life
Can anyone point out what exactly is the conflict..... Been in this game long enough, but not yet fully understood
You are not supposed to be taking money from someone who you are supposed to regulate and supervise. It is like Police doing hafta vasooly from Mohalla gangs.
Do you understand the concept of retirals
She is a thief. How come being a sebi chief she owns an investment firm and invests in adani share. The rule clearly says that a sebi chief can't own any firm that involves investment. This can create a conflict of interest and can give a favour to the company if the company is involved in irregularities.
I hope she goes to jail
Amen to that
ICICI Bank has had shady past anyway, so it doesn’t come as a surprise. I am pretty sure there will be some bigger expose coming against them in future too. P.S.- The Bank had tried to defraud me too. I was able to get my money back after one whole year, after complaining to RBI Ombudsman / RTI etc Fraudulence runs in their blood (culture).
Not here to defend Madhabi but the kind of misinformation waving through this privileged group forced me to write this -
She transferred all the shares to her husband before becoming the member. All those documentation are in public domain. Plus those investments were going to a professionally managed 3-party fund. I know some people might jump that why can’t she introduce that 3-party fund to shadow her misdoings. A simple answer to that is - The fund was operating before her family investments.
Read the statement from ICICI Bank, it’s the ESOPs (Maybe RSUs) maturity happened over irregular intervals of time
Having said all of this, I am not saying Madhabi is super clean. Just she won’t do above two things as they are easily catchable, icici being a public company goes through all audits. Similarly, tracking investment money trail for a resident Indian is easy. At her level, she won’t play such loose game.
The intention here is to help people understand better details to make meaningful arguments in a democracy.
Subash (chairman of Zee) is a BJP leader, zee is notoriously famous for diverting investors' vote against the CEO. Check how many DIIs own Z.
They'll make her the next FM.
She does look like someone happily hiding away a warehouse of cash
When Hindenburg Research released its report last year accusing the Adani Group of fraud, its motive was clear. Hindenburg would short the Adani companies, their stock prices would go down because of its report, Hindenburg would make mon...
All is ok .. but this point 2 coming over and over again makes no sense to me. In my mind it doesn’t matter if invest...
