Congress Leader Demands Clarity on Hindenburg Allegations

Congress leader Pawan Khera has urged SEBI, PM Modi, and FM Sitharaman to address the allegations made by Hindenburg Research against SEBI Chairperson Madhabi Buch. Buch and her husband have denied any wrongdoing, calling the claims an attempt at character assassination.

Following the release of the Hindenburg Research report, which accused SEBI Chairperson Madhabi Buch of financial misconduct, Congress leader Pawan Khera on Monday called for detailed responses from SEBI, Prime Minister Narendra Modi, and Finance Minister Nirmala Sitharaman.

"When will SEBI, the PM, and Nirmala Sitharaman give a point-wise reply to the factual and point-wise issues raised by Hindenburg? We are waiting for that date," Khera said. He questioned whether Buch had disclosed her investments in offshore companies before becoming SEBI Chairperson and inquired about her connections with Gautam Adani's brother's companies.

Buch and her husband issued a joint statement rejecting the allegations, calling them an attempt at character assassination by Hindenburg Research, against whom SEBI has taken enforcement action. The couple stated that their life and finances are transparent and have been fully disclosed to SEBI over the years. The controversy underscores ongoing scrutiny of the Adani Group's financial dealings.