Hearing horror stories about corruption in #SEBI. Someone set to become Wholetime member was sidelined ONLY after a pendrive with audio of bribe negotiations was sent to chairperson. A letter of displeasure was served on his last day & top management stayed away from farewell!

Does @FinMinIndia and secretaries on SEBI board know of this? Or other regulators? @RBI DG? @DFS_India ? @nsitharaman ? What about opposition leaders? Standing committee on finance?

@FinMinIndia @RBI @DFS_India @nsitharaman Do you know how things are fixed at IPO level? An insider tells me: certain lead managers write a letter seeking exemption from disclosure rules. sebi grants exemption on a case to case basis without informing investors since no disclosure in IPO. How are deals fixed?

@FinMinIndia @RBI @DFS_India @nsitharaman Waivers from disclosure are never put in the public domain as a press release. Also it would be news to most people they warnings and letters of caution issues to lead managers are never made public. When you are dealing with public money why this secrecy?

@FinMinIndia @RBI @DFS_India @nsitharaman Doesn’t matter what the SC appointed committee said on SEBI ruling differently on similarly issues- the practice continues! Not even worried about SC- why should we they? Who is asking questions?