"Toxic work culture' in SEBI, say employees

Amidst allegations of SEBI employees protesting and complaining of 'toxic work culture', the market regulator on Wednesday categorically denied the issue, instead asserting that the employees are perhaps misguided by external elements to target the credibility of it and its leadership.

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As per reports, SEBI officials made a complaint to the finance ministry last month, accusing the regulator's leadership of fostering a 'toxic work culture'.

Securities and Exchange Board of India (SEBI) believes its junior officers, who were allegedly aggrieved in respect of HRA allowances, have been misguided, perhaps by external elements.

"We would not like to speculate on who those external elements may be or what their motives might be," SEBI said in a 5-page statement.