Millennium Post

CIC tells Sebi to disclose Chairman Sinha’s assets

Activist Arun Agrawal, through a Right to Information application, had demanded assets and liabilities statement of Sinha in the last three years and perquisites on which he has been employed with Sebi.

The Sebi Central Public Information Officer refused to give assets and liabilities of Sinha in last three years, claiming that it is personal information and that the same is provided to Sebi in fiduciary capacity.

With respect to perquisites on which he has been employed with Sebi, Agrawal was informed by Sebi the information is available in public domain.

During the hearing before the Full Bench of the Central Information Commission, Agrawal said there is a conflict of interest of the Sebi appellate authority as he (the authority) has applied for reappointment in Sebi and the Chairman of Sebi has a considerable say in his reappointment.

Agrawal alleged that Sinha didn’t disclose his true emoluments to the government at the time of his appointment as Sebi Chairman. "Sinha gave up a job of over Rs 3 crore per annum to become Sebi Chairman at emoluments of Rs 36 lakh per annum,” added Agrawal.
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