Sebi withdraws press release on unprofessional work culture
New Delhi (PTI): Capital markets regulator Sebi on Monday withdrew its press release issued in September 4, which addressed claims of unprofessional work culture, stating that these concerns are "misplaced" and reaffirmed that employee-related issues will be managed internally.
The withdrawal came days after a protest by a large number of Sebi employees outside the regulator's headquarters on September 5, a day after the press release. They had demanded the withdrawal of the statement and the resignation of Sebi chief Madhabi Puri Buch.
In a statement on Monday, Sebi acknowledged the critical role its employees have played over the past thirty-six years in shaping the Indian securities market into one of the most dynamic and well-regulated markets globally.
Sebi said it addresses employee-related matters through appropriate internal mechanisms.
"Following constructive discussions with representatives of all grades of officers, Sebi and its employees have reaffirmed that such issues are strictly internal and will be managed in accordance with the organization's high standards of governance and within a time-bound framework," the regulator said.
Accordingly, the press release issued on September 4 has been withdrawn.
The decision to retract the press release came after employees strongly condemned the unauthorized dissemination of internal communications.
Sebi employees have reiterated their commitment to resolving concerns amicably through established internal channels, ensuring that such matters remain internal and managed within a time-bound framework.
"Employees have strongly condemned the unauthorized release of internal communication and have confirmed that all concerns shall be addressed amicably through established internal channels," the statement noted.
For Puri, protests and internal issues have come at a time when she is probably facing the most challenging times in her stint. The career banker-turned-regulator is battling speculations on whether a conflict of interest made her go slow on the probe against Adani Group and a raft of other allegations around it.
In what is unprecedented for any financial regulator, around 500 employees wrote to the Finance Ministry on August 6, against the top management, for what they called a "toxic" work environment, which includes instances of public humiliation and shouting down.
After the publishing of a media report about the letter, Sebi responded with a press release, which stated such claims are "misplaced", which seemed to have irked the employees.
The regulator stated that some "external elements" had instigated its employees into believing that they shouldn't be held to high standards of performance and accountability, though, it did not provide specific details.
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Assam CM flays Cong for 'not verifying' documents before making charges against his family
Sivasagar/Guwahati (PTI): Assam Chief Minister Himanta Biswa Sarma on Tuesday slammed the Congress for “not verifying” the documents based on which it brought allegations against him and his family.
Congress leader Pawan Khera had on Sunday alleged that Sarma’s wife, Riniki Bhuyan Sarma, has multiple passports and foreign property, which were not declared in the chief minister’s election affidavit.
Sarma also hit out at Congress president Mallikarjun Kharge, claiming that he was “speaking like a madman” due to old age, after the latter put the onus on central agencies to probe the charges.
The CM asserted that Khera had “run away” to Hyderabad, but the Assam Police will “hunt him down even from ‘pataal’ (netherworld)”.
“‘Assam Police ko nahi jante hain.. Pataal se bhi ukhar ke le ayega’ (They don’t know the Assam Police... they will hunt him down even from the netherworld),” asserted Sarma.
An Assam Police team had earlier in the day visited the Delhi residence of Khera for questioning him in connection with the case.
“If they didn’t know the truth, why did they put it out in public? They should have asked the foreign minister first,” Sarma told reporters on the sidelines of an election campaign, when asked for his reaction to Kharge’s assertion that the Union government should probe the allegations now.
Kharge, at a presser in Guwahati on Tuesday, said all agencies are under the central government, which should probe the charges.
"They have already filed an FIR against Khera. Let them probe the matter. We will face the case as it progresses. We have sought probes by the ED or CBI into the allegations," he said.
Sarma added: “Kharge is ageing and is speaking like a ‘pagal’ (madman). You insult the people first and then say will ask the foreign minister (for verification)? Is he your ‘damad’ (son-in-law),” the chief minister said.
“I think Rahul Gandhi had given these documents to Khera, and if that is so, the case will then include Gandhi,” he added.
