Lokpal Rejects SEBI Chairperson Misconduct Complaint

Lokpal dismissed a complaint by a Lok Sabha MP accusing SEBI chairperson Madhabi Puri Buch of impropriety. The complaint, based on a Hindenburg Research report, was deemed insufficient to warrant investigation. Lokpal requested complainants to provide verifiable details and a formal affidavit outlining specific allegations under the Prevention of Corruption Act.

The anti-corruption ombudsman, Lokpal, has dismissed allegations against the chairperson of SEBI, Madhabi Puri Buch, submitted by a Lok Sabha MP, citing insufficient evidence for a probe.

The complaints, referencing a Hindenburg Research report, were found lacking in verification and credibility.

Lokpal has asked complainants to file affidavits detailing their attempts to authenticate Hindenburg Research's claims and to specify charges per the Prevention of Corruption Act.