Dr Reddy’s issues clarification after Congress alleges company benefited from Dhaval Buch connection, terms allegations ‘baseless and malafide’

Dr Reddy’s Laboratories has refuted allegations by the Indian National Congress that it benefited from its association with SEBI chairperson Madhabi Puri Buch’s husband, Dhaval Buch. The company clarified that Dhaval Buch’s engagement ended before Madhabi Buch became SEBI Chairperson and emphasized compliance with all laws. Dhaval Buch was hired for leadership coaching from October 2020 to April 2021, receiving remuneration in line with industry standards.