SEBI Chief Madhabi Buch Faces Allegations in Adani Row

Hindenburg Research has accused SEBI Chief Madhabi Buch and her husband of having stakes in offshore funds linked to a scandal involving the Adani Group. Opposition parties demand her removal and a Joint Parliamentary Committee (JPC) probe. Buch dismissed the allegations, likening them to an attack on SEBI's credibility.

Allegations by US-based Hindenburg Research against SEBI Chief Madhabi Buch and her husband have catalyzed a political storm. The opposition, spearheaded by Congress, calls for Buch's dismissal and a Joint Parliamentary Committee (JPC) probe.

Hindenburg claims that Buch and her spouse have stakes in obscure offshore funds tied to the Adani Group money siphoning scandal, prompting leaders like Rahul Gandhi to question SEBI's integrity. They demand immediate action to prevent further conflicts of interest.

Meanwhile, SEBI and the Adani Group have dismissed the accusations as baseless, asserting that they are attempts to undermine the financial regulator’s authority. With financial instability at stake, the demand for a deeper, impartial investigation grows louder.