There are SEBI officials who were inquired is various chit fund scams on West Bengal and the same is in public domain.
It is also on record that even in NSE Colocation scam SAT observed that SEBI botched investigation and internal enquiry on officers involved should take place.
That being said there are auditors and lawyers (some being ex-SEBI officers) who know who can be managed and yes they manage them. Not every SEBI officer is corrupt but a lot of them in investigation department and enforcement department have discretion to interpret facts and some are more than happy to direct it in a manner that helps the parties being investigated.
There was a new many years ago that certain AGM level people were caught taking bribe and crores of rupees were found in there locker. So maybe it happens in certain departments .
If yes, how does it work ? And at which level ?
( Context - Sucheta Dalal tweet regarding audio clip of bribe of senior management)
https://twitter.com/suchetadalal/status/1672537979670364160?lang=en
Don't know for sure. Just heard from friends in law firms.
It is also on record that even in NSE Colocation scam SAT observed that SEBI botched investigation and internal enquiry on officers involved should take place.
That being said there are auditors and lawyers (some being ex-SEBI officers) who know who can be managed and yes they manage them. Not every SEBI officer is corrupt but a lot of them in investigation department and enforcement department have discretion to interpret facts and some are more than happy to direct it in a manner that helps the parties being investigated.
https://www.barandbench.com/columns/the-dented-credibility-of-the-securities-and-exchange-board-of-india
Sub - Registrar here.
Grade pay 6k. Daily earnings ~30k.
Way more than what any Sebi wala can earn.
Have a batchmate in customs earns atleast 15-20lakh per month.