Rahul Gandhi Questions Integrity of SEBI Amid Allegations Against Chairperson

Rahul Gandhi, the Leader of Opposition in the Lok Sabha, has raised concerns about the integrity of SEBI following allegations against its chairperson by US short-seller Hindenburg Research. Gandhi questioned why the chairperson hasn't resigned, and if the Supreme Court would investigate the matter suo moto.

Rahul Gandhi, the Leader of Opposition in the Lok Sabha, voiced serious concerns over the integrity of the Securities and Exchange Board of India (SEBI) on Sunday. His statements came after US short-seller Hindenburg Research accused SEBI chairperson Madhabi Buch and her husband of having stakes in offshore funds linked to the alleged Adani money laundering scandal.

Gandhi questioned why SEBI Chairperson Madhabi Puri Buch has not resigned yet amid the new allegations. He emphasized that honest investors across India deserve answers on who will be held accountable should they lose their investments—Prime Minister Modi, the SEBI Chairperson, or Gautam Adani.

While Gandhi urged the Supreme Court to look into the matter suo motu, Buch and her husband have dismissed the accusations as baseless, asserting that their financial records are transparent. Meanwhile, the Adani Group has described the allegations as malicious and a misrepresentation of public information.