Congress president Mallikarjun Kharge has accused Prime Minister Narendra Modi of compromising the integrity of the Securities and Exchange Board of India (SEBI) to protect his close allies. Kharge highlighted SEBI’s handling of the Adani Group investigation, raising concerns over the market regulator’s transparency. The Congress party has called out the financial ties of SEBI Chairperson Madhabi Puri Buch with various companies, claiming conflict of interest, while also questioning the role of the Modi government in her appointment.
BulletsIn
- Mallikarjun Kharge accused PM Modi of tarnishing SEBI’s integrity to protect his “crony friends.”
- Kharge criticized SEBI’s handling of the Adani Group investigation, implying bias.
- Kharge questioned SEBI Chairperson Madhabi Puri Buch’s alleged conflicts of interest.
- Congress suggested the Modi-Shah-led committee appointed Buch to benefit their allies.
- Congress expressed concerns that the savings of 10 crore investors are at risk due to SEBI’s actions.
- Pawan Khera echoed Kharge’s concerns, highlighting financial ties between Buch and various companies.
- Congress accused Buch of receiving Rs 16 crore from ICICI Bank between 2017 and 2024.
- Allegations were made that Buch held an office of profit during her tenure as SEBI Chairperson.
- US-based Hindenburg Research also raised conflict of interest claims involving Buch and offshore entities linked to the Adani scandal.
- Buch and her husband strongly denied all allegations, stating they will provide full disclosure to relevant authorities.
