Mumbai,sep 13
In a joint statement on Friday, SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch out rightly termed the allegations labelled against them in the recent past as “false, incorrect, malicious and motivated”.The allegations themselves were based on their Income Tax Returns, the six-page joint statement said, asserting there was no merit in those allegations.
“In other words, all these matters are a part of our income tax returns in which all these matters have been fully disclosed and taxes have been duly paid,” the joint statement read.Madhabi and Dhaval Buch asserted that their income tax returns have been obtained by the accusers by illegally and by adopting fraudulent means.
“This is a clear breach of not only our right to privacy (which is a fundamental right) but also a violation of the Income Tax Act. The facts, transparently reflected in our income tax returns, have been twisted deliberately to create a false narrative. Further, going by the pattern of creating a false narrative at periodic intervals, it appears that the allegations are being made in instalments, only to keep the pot boiling,” the statement read.”If the objective had been to arrive at the truth rather than to malign individuals and institutions with distortions of facts, we wonder why all allegations would not be brought out, in public, at one go, we would then have given all the facts at one go. If, however, this false narrative is motivated, to achieve some other objective, then the possibility of further allegations being made repeatedly in instalments in the future may not be ruled out,” they added.
The couple asserted that they are upright and honest professionals and have led their respective professional lives with transparency and dignity.”Though everyone can see a clear pattern emerging to distort and twist the facts, we are confident that we will be able to demolish all such motivated allegations even in future, while reserving our right to take appropriate legal remedy as we may be advised,” they said.”The fact that so far, allegations are being made with new falsehoods each time, in instalments, makes it clear that the only intention is to keep distorting facts, to keep making false allegations again and again to build a false narrative. The couple claimed that those who are labelling allegations against them do not want to arrive at the truth.
