SEBI's Credibility Crisis & the Applicability of the Pinochet’s Case
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- čas přidán 11. 09. 2024
- In this video, Sucheta Dalal draws a powerful parallel between the landmark Pinochet case and the current crisis engulfing SEBI (Securities and Exchange Board of India). What does a Chilean dictator have to do with a financial regulator in India? More than you'd think. The principles of judicial propriety from the Pinochet case highlight the ethical lapses in SEBI's handling of the Adani investigation, particularly the serious allegations of conflict of interest against SEBI's chairperson, Madhabi Puri Buch. Watch as Sucheta Dalal delves into this critical issue, examining the implications for India’s financial markets and the importance of transparency and ethics in regulatory bodies.
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Linking to HOL judgement (appearance of conflict of interest) with SEBI Adani Hindenberg case is brilliant & makes total sense
Like many today's officers both with and without uniform and constitutional heads who enjoy immunity from all charges,Ms Buch is confident that she will continue to enjoy the same like UPSC and NTA chairman have enjoyed.
Lateral entries have begun to mean lofty entities, above the accountability the posts need!
Standards for justice in our country have fallen in the past ten years. Ethics , is just put aside.
Ethics,honesty, integrity removed from dictionary by Modi regime
Till he is there ,he will ensure that every institution is an extn of Modi's pvt office.
The said CJI headed the committee investigating his sexual assault allegation and then ruled that allegations were baseless…then he was rewarded by the modi govt to become a Rajya sabha member..
Exactly. It stuck me and I wanted to mention about the former CJI case. You've already said it. Comparing the SEBI case with Pinochet case is an amazing creativity. At the same time a mention of the CJI case would have been timely and pertinent.
BTW, what is the status Chitra Ramakrishna: the latest is that "the Securities Appellate Tribunal SAT reduced the Rs. 5 crore penalty imposed against Ramakrishna to Rs. 25 lakh. The appellate tribunal found that Ramakrishna was negligent in her duties as the MD and CEO of NSE and failed to exercise due diligence...." This is also being appealed against. The SAT order is kept in stay.
If penalties are lukewarm and offenders can easily get away with their crimes then where is the excitation in seeing yet another scam like Hindenburg 2.0 ?
This shows a nexus between the Regulator, regulated entities, market operators like NSE, and even the appellate tribunal..the whole thing is rigged…
Madam, you are absolutely right BUT our former CJI headed a bench which heard a case involving him. Result : He was not removed from SC or impeached. Now, he is a nominated member of Rajya Sabha and he took upon himself of raising his voice for judiciary (I think this was what he said)
@@maqsoodqureishi9892 judiciary alredy bought .Hard earned freedom is sold by a selfish chief justice for post retirement benefits.
They are a law unto themselves. Accountable to none. That's the saddest part.
They also push a bunch of hypotheses on hindenburg motivations as "proof" 😂
Excellent discussion, an independent regulator should be as clean as a houndstooth, as President Eisenhowever said in regards to Richard Nixon
The current dispensation doesnt have moral or ethical conscience. So it is highly unlikely that they will ask her to resign. All the current dispensation does is headlines management to distract the limelight from SEBI issue to some other issue. Super sad !!
U r ☑
They will Brazen it out! 😢
This recuse can open can of worms which is why govt want to make it open and shut case. Who will be the victim, time will tell.
Sucheta.. good analogy. 17 months ago, this issue of Adani was swept under the carpet on nationalism and "conspiracy against India". This same narrative comes in again and what shocks is how blatantly top fund managers are getting " blindsided " due to their own bias and greed of keeping the bull markets going. Some day all this is going to hit hard.. It's going to be painful for investors.. The Opposition has too many political distractions which will bury this latest salvo from Hindenburg..
Not to mention the george soros brahmastra 😂
Muraliata why Dalal never report about corruption of Sharad Pawar?
@@santheepnair5470 my dear friend,we will talk later.Don' t justify SeBi ' wrong doings by pointing out past.Why Modi is not taking action on Pawar.Modi is a power monger at any cost to the nation but he will talk about nationalism and patriotism.
Pl remember only ordinary people are patriotic and go about their work without making noise about patriotism.
All political leaders esp Modi are looters of the nation
Would like to know what SEBI chair has to say on the point that why she did not disclose her linkage to the Supreme court when taking the responsibility to check the Adani Group case.
Kudos Dalal.. Very good presentation.. Pinochet's case 👍
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Caeser's wife should be above suspicion, Buch's wife need not.
Very well presented. Concise and makes it very clear that the Pinochet principle applies to Madhavi' case; even to a layperson.
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Mr Kotak (K India Opportunities Fund Ltd) was SEBI Governance Committee Chair).
Rules in this country only apply to normal people who are scoffed by their neck for slightest violation. They don't apply to people in position of power which in this case is SEBI chief. Will she be held accountable only time will tell.
Well said. Knowledge is enriched through this vedeo. I think this message will definitely open the pandora box to investigate thoroughly. Temporary suspension to Madhabi SEBI incharge for a free and fair investigation. Will this happen is a millionaire dollar question? Vande Bharat. Jai shree Ram should not protect any wrong doings
Topic very well explained
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This is India and Kalyug. Nothing happened to Gogoi who was judge in his own case. The righteous are punished and guilty are rewarded.
Facts well presented 🎉 good job
Appreciate your kind words.
100% agree.
Thank You.
In those days UK did not have Supreme Court & HOL was highest legal authority
Sucheta Dalal knows the market inside out
She should be on SEBI board to ensure safety of retail investors
It’s a pity that the govt and especially finance minister is not concerned and looks the other way.
SEBI credibility is most important which Madhavi buch failed to maintain hence she must be dismissed.
We must not forget K India Opportunities Fund Ltd involment in Adani saga and why SEBI did not disclose full firm name
Sucheta Ji, totally agree with your view point. But on the other hand you must understand the market mayhem, which may happen due to the resignation of SEBI chairperson and panic created by the market operators. Ultimately the retail gullible investors have to pay the price.
Many things have been said against SEBI. Modi government will not take any action against SEBI Chair. Can IOSC enter the scene at this stage?
It is like taking action against himself
Except analysis by Suchita Dalal ji is true example how the corruption taking place, conflict of interest as mentioned is important and relevant for sebi.
Now the latest revelations by heedenburg reports part 1 and 2 further stress that no less than JPC is solution to investigate the such complicates heedenburg revelations linked to various areas.
Any how congratulations to suchita ji for her outstanding video ,shows her talents and professionalism.
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Pinochet example puts Buch in a pincer..
Now, All board members of #SEBI need to come clean on where they stand in this case?
Sebi makes rules every other day on matters of propriety on how the 9Cr investors and other entities need to comply😅
The fin min needs to check on the antecedents of all sebi board members as they come from different background? 😮
Importantly, all issues in the past 7 years that #SebiChairperson adjudicated has to be verified if it had connection either with the offshore funds that Buch invested or to the company in which she holds 99% 😮
Kudos 🎉 to Sucheta for this video after speaking to eminent people on the subject like MR. Venkatesh❤😊
It's all bookish & theoretical in India bcz here the chief justice of supreme court decided sexual abuse case against himself.
We can't expect any neutrality in this country
More than anything, our regulators are customers of superglue. They apply it liberally on their chairs so that they are safely glued to their chairs and dislodging the person can only be done with great difficulty.
If judge cannot be judge in his own cause what about supreme court former chief justice of india ranjan gogoi who has given judgement in his own sexual harrasment case in which he himself accused by victim to him he giving justice
As a Judge of Kerala High Court in a verdict on a high-profile case involving a Minister observed Caeser's Wife should be above suspicion led to his resignation...... It would be a nice thing if Smt Puri resigns....
Well said ma'am "A man may not be a judge in his own cause."
Thank you! I'm glad you enjoyed the topic.
Excellent case reference, and this is indeed very conclusive.
Thank You .I'm glad you found the information helpful.
Very convincingly established the appearing conflict of interest.
"impermissible conflict of interest" by Madhavi of SEBI.. Lawless nation of Bharat.. unfortunately..
Are they will initiate any action in this matter or rather any matter where actual public interest involved? I am not sure. Then what should we do as an common investor. Please address this issue also...
You are an exception to the scamming Guajarati that India has always known .......what is in their culture or their water that makes them go after money in any dishonorable way?
Especially after 2014 Gujjus are hated.
Excellent
Thank you! I'm glad you enjoyed the topic
Excellent analysis, ma'am.
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So confused by bhakts and semi bhakts alike on this issue personally, not to mention the zero knowledge base. But, the exact point of integrity being a public good in itself is universal and totally unhyphenated. That I understand now. You're fantastic as always!
However in India one supreme court chief justice did preside over a case on him.
Fully agree with Sucheta Dalal.
Thank You
Due to Rahul Gandhi adding Ms Buch example in his tweet... Lateral Entry UPSC advertisement was revoked.
Excellent analogy..
Thank You.
The folliwing adage many leaders in all spheres of life in our country follow "The end justifies the means" " What cannot be condoned must be endured"
These actions are not surprising from the acolytes of Kamath.
I am reminded of a comment my grandparents and their peers spouted on the state of the nation; now I as a grandparent repeat it " only God protects the aam aadmi in our country".
In a matter of Lord Hoffman the country was not*India* nor there was a visionary leader like *narendra modi*
In India once a wise person said "मोदि हैं, तो मुमकिन है।" 😂😂😂
At least people will remember modi for this adani scam, otherwise what is the legacy modi leave behind, 2002 दंगे, leakage from parliament to temple, lockdown, demonetization, what the legacy for which one can memories modi for?
When judiciary itself is under scanner on account of nepotism.......Yahan aur kuch nahin bachega Madam😮
Thank you ma'am
Most welcome 😊
Good analysis. 🙏
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SEBI, PM , A2
These 3 credibility are at lowest over years. Directly linked?
Such fine distinctions... do they matter here at all. ? Do we have any previous instances where these fine points have been used effectively to pass a judgement. Asking genuinely...We are not the UK ..isnt it unrealistic quoting chapter and verse from the way they function . If this is known to the various lawyers its obviously known to many others who matter. People were concerned after that first report was accepted from Sebi by the SC with little fuss. If one can put it that way
Shameful sebi chairman. History of such lawlessness in SEBI.
Sensationlism won’t deter domestic buyers Madam
It fills my heart with deep cynicism seeing such subper level of journalism from a 'veteran newsmaker'.
Today's journalists must digest the fact that this is not 1990s where slandering will work.
Like market refused hindenburg, none of these baseless clickbaits with almost synthetic tags like 'credibility' will do any harm.
Welcome to the Gen Z market ma'am. We belive in market democracy, not influencer manipulation.
Chanakam ki jai!!!
@@pvvarghese9583 Glory to Holy rice bag to you too
She won't recluse or resign as she might have got the position on Adani's recommendation to Modi. She is there to protect Adani's interests, so no action will be taken by FM or the government.
can anyone simplify the matter at hand .. Has the court followed the law and come to a logical conclusion or not ?
In our country ethics has no value. Eg: A CJI hears his own case of sexual harrasment. What's more propriety?
Very relevant comparison but finance ministry is silent,SEBI credibility is going down.
Out of curiosity, have you filed a PIL??...I believe this qualifies
Morality is the last thing they think about.
Yes the whole episode of Sebi chairwoman Madhbi Buch conducting investigation when she is invested in funds of offshore groups Vinod Advani who's brother of Gautam Adani also having business of her own firm Agora while as chief of Sebi is clear cut of vonflict of interest, so her continuing as SEBI chief is against the rule of good governance
In HM case … you exposed and world woke … in this case .. you are exposing .. zero feather flutter from govt .. shows how arrogant govt is and will be 💁♂️
Biggest threat to govt institution due to lateral entry
Pl forward to the hon CJI , Supreme court....suo moto action
We can't expect better standard from Modi Government 😅
The Finance Minister is also take moral responsibility for poor governance in the system and must resign and contest in a election. SEBI head must resign for making 3 Cr from external consulting as per Reuter news
They started to counter me in trading....hope sebi and nse whom so ever you do it well it just matter of time you can't stop me now
Mr Bhave was a bit mealy mouth in his responses to KThappar…
SEBI is digging its own grave
It's completely destruction & people will loose the faith in SEBI.
Madhabi buch must be dismissed & be Probed.
I hope Ranjan Gogoi is watching this video.... what a sham and a shame for our country. Our country is led by shameless greedy creatures.
India has lot of inside problems to be resolved where as PM travel to other countries to resolve others problem. I do not see any PM of other countries makes so many foreign visits like our PM does.
👍👍
Thank you! I'm glad you enjoyed the topic.
Why PM Modi is scared to order a JPC to probe SEBI. PM forgets that he is a PM of india and not a fast friend and defense of adani.
Please read excellent in place of except in comment
Winderful
Karvy latest news ?
Did you know India is #1 Vishwaguru in producing Banana 🍌 😋 ! Banana Republic 👍🏽
Now what can be done to tarnish the credibility of Sucheta Dalal so that all her future videos can be just dismissed? IT cell needs material. Please send.
On what ground of morality or proprietary is still clinging. Sabi-baby
pl can u make scam 2024❤
madhvi butcher
But then we are indians in india 😂
Buch being targeted because she , wants to tighten norms that help speculators , short sellers and their ilk, make money by the ton, she wants to prevent wonton financialisation of the economy , where the real world struggles against the onslaught hype creators
Chanakam ki jai!!
Hersey
Since there is no charge that can be filed against SEBI administrators, this type of video seems very sensational and unnecessary. To call out a problem is important. But the problem should exist (within the legal framework). People are free to make accusations - but the accusations are not facts. Accusation also does not mean conviction.
Modi can accuse a complete community as infiltrators? But people cannot raise a finger on Modi & Associates?
Waah SANGHI BUA!!
You choice of analogy to Pinochet extradition in UK is just silly. Actually you dont need to compare to UK court to prove your point. Because, in Julian Assange case, the woman judge has direct conflict with Julian Assange, yet no one gave fk about her conflict of interest. Just so you know, if Pinochet was Julian Assange, UK would have extradited Pinochet.
So, you should not have chose a geopolitical imperialism case as analogy to Adani corrupt SEBI woman case.