Congress Accuses SEBI Chief of Conflict of Interest Ties

The Congress has accused SEBI chief Madhabi Puri Buch of conflicts of interest, alleging connections with the Adani Group and IndiaBulls. Congress leaders claim Buch rented properties to individuals linked to these entities under SEBI scrutiny and has associations with companies implicated in the Paradise Papers.

The Congress party has raised fresh allegations of conflict of interest against the SEBI chief, Madhabi Puri Buch, implicating her in a 'Monopoly Bachao Syndicate'. This alleged syndicate reportedly involves a nexus between the Adani Group, regulatory bodies, and the BJP, as claimed by opposition leader Rahul Gandhi.

Gandhi highlighted the supposed disclosure that Buch rented her property to a company linked to an individual associated with the IndiaBulls Group, a subject of SEBI's investigation. Furthermore, allegations suggest Buch holds equity in Predible Health, which has ties to the offshore leaks reported in Paradise Papers.

In a detailed press briefing, Congress spokesperson Pawan Khera accused Ananth Narayan Gopalkrishnan, a Whole Time Member at SEBI, of having rented his property to a stockbroker regulated by SEBI. The Congress insists these actions compromise institutional integrity and call for transparency from the government regarding these claims.

(With inputs from agencies.)