Congress Criticizes SEBI Amid Hindenburg Allegations

The Congress has raised concerns over regulatory failures and conflicts of interest following Hindenburg's allegations against SEBI chief Madhabi Buch. The party warned that such issues could undermine investor confidence and destabilize the Indian equity market, which has a growing base of young investors.

In the wake of Hindenburg's allegations against SEBI chief Madhabi Buch, the Congress on Tuesday warned that regulatory failures and conflicts of interest could harm investor sentiment and confidence.

Party spokesperson Jairam Ramesh noted that the Indian equity market's stability relies on well-regulated markets. He highlighted the rise in registered investors, especially younger participants, as evidence of the need for integrity and transparency.

Ramesh also criticized speculative comments by leaders, which he claimed contributed to market volatility. He emphasized the potential long-term damage from undermining regulatory faith.

(With inputs from agencies.)