Congress Demands Probe into SEBI Chief Allegations

Congress President Mallikarjun Kharge has sharply criticized Prime Minister Narendra Modi for allegedly sheltering SEBI chairman Madhabi Puri Buch, amid accusations of misconduct. Congress seeks a Joint Parliamentary Committee investigation, questioning government protection of SEBI amidst brewing controversy and monopoly engineered for ally Adani.

In a pointed critique, Congress President Mallikarjun Kharge accused Prime Minister Narendra Modi on Tuesday of shielding SEBI chairman Madhabi Puri Buch amid growing allegations of misconduct. Kharge's call for a Joint Parliamentary Committee (JPC) investigation underscores the party's demand for accountability and transparency from the government.

Kharge argued that under Buch's leadership, SEBI has become jeopardized, compromising the financial security of small and medium investors. This accusation surfaced following Congress leader Pawan Khera's press conference, raising questions about the government's motives and potential impropriety in protecting the SEBI chief.

Significantly, the controversy intensified after opposition leader Rahul Gandhi released a video questioning the legitimacy of the allegations against Buch. Despite SEBI's attempt to dispel accusations by labeling them as baseless, Congress continues to press for a JPC probe to thoroughly investigate the alleged collusion and misconduct.

(With inputs from agencies.)