Rahul Gandhi Questions SEBI Integrity Amid New Allegations

Rahul Gandhi has raised concerns about the integrity of SEBI, citing allegations against its chairperson, Madhabi Buch. He questioned the Supreme Court's potential suo motu involvement and criticized Prime Minister Modi for avoiding a joint parliamentary committee probe. SEBI and the Adani group have denied the claims.

In a striking critique, Leader of Opposition Rahul Gandhi has questioned the integrity of the Securities and Exchange Board of India (SEBI), amidst allegations involving its chairperson Madhabi Buch. This follows claims from US short-seller Hindenburg Research about illicit stakes held by Buch and her husband in opaque offshore funds linked to the Adani scandal.

Gandhi further hit out at Prime Minister Narendra Modi, suggesting that the PM’s resistance to a joint parliamentary committee (JPC) probe stems from a fear of unearthing uncomfortable truths. The Congress leader highlighted the impact on small retail investors and the compromised governance of the Indian stock market.

Despite Buch and SEBI's firm denials of the accusations as baseless, Gandhi emphasized the necessity for a thorough investigation. The Adani group also rejected the allegations as malicious manipulation of public information.