Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), is facing scrutiny over a potential conflict of interest following revelations about her 99% ownership in a consultancy firm. According to Reuters, Agora Advisory Pvt Ltd, in which Buch holds a significant stake, earned Rs 3.71 crore over the past seven years since she joined SEBI as a whole-time member. This financial relationship could violate SEBI's 2008 policy that prohibits board members from engaging in profit-making activities.