Left Parties Demand Joint Parliamentary Committee Probe into SEBI Chairperson Allegations

Left parties have called for a Joint Parliamentary Committee (JPC) to investigate allegations by US short-seller Hindenburg Research against SEBI Chairperson Madhabi Buch. Hindenburg claims Buch and her husband held stakes in offshore funds linked to the Adani Group, sparking demands for her to step down until the inquiry is complete.

On Sunday, left parties urged for the formation of a Joint Parliamentary Committee (JPC) to investigate allegations made by US short-seller Hindenburg Research against SEBI chairperson Madhabi Buch.

The Communist Party of India (Marxist) stated that Hindenburg Research, known for previously exposing stock manipulation by the Adani group, has accused Buch and her husband of holding stakes in offshore funds used by Vinod Adani to invest in Adani companies.

CPI(M) general secretary Sitaram Yechury and other left leaders demanded Buch's resignation and a thorough JPC probe, insisting the allegations question the integrity of India's financial regulatory system.

(With inputs from agencies.)