Congress Calls for JPC Probe into SEBI Chairperson's Alleged Malpractice

The Congress has raised concerns about potential malpractice by SEBI Chairperson Madhabi Buch, citing regulatory filings from a consulting firm she established before her appointment. The firm shares its address with its statutory auditor, suggesting poor governance. Allegations include conflicts of interest and financial misconduct involving Buch and her husband.

The Congress has expressed serious concerns over potential malpractice by SEBI Chairperson Madhabi Buch, citing critical issues revealed through regulatory filings of a consulting firm she established before her SEBI appointment. The firm’s shared address with its statutory auditor has raised questions about corporate governance standards in India.

Jairam Ramesh, Congress general secretary in-charge of communications, has called for a Joint Parliamentary Committee (JPC) investigation into the Adani scandal and SEBI’s integrity, emphasizing the need for transparency and accountability.

According to Ramesh, despite Buch stepping down as the firm’s director, her husband continued to serve as a director, raising further questions about bias and conflicts of interest. Allegations of earning significant revenue during her SEBI tenure add complexity to the case.