Congress Demands JPC Probe into SEBI Chairperson Amid Adani Allegations

The Congress party has intensified its demand for a joint parliamentary committee (JPC) to investigate allegations made by Hindenburg Research against SEBI chairperson Madhabi Puri Buch and the Adani Group. Accusations include conflicts of interest and violations of SEBI policies. Both the SEBI chairperson and the Adani Group have denied the claims.

The Congress on Thursday amplified its demand for a joint parliamentary committee (JPC) probe into recent accusations by US-based short-seller Hindenburg Research concerning Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and the Adani Group.

Speaking at a press conference, All India Mahila Congress president and party spokesperson Alka Lamba queried why SEBI chairperson Buch had not resigned after a Hindenburg report released nearly two weeks ago accused her of a conflict of interest.

The Congress stressed that only a JPC could reveal the full extent of the alleged scam involving stock manipulation and regulatory conflicts. Both SEBI and the Adani Group have dismissed the allegations as baseless and malicious.

(With inputs from agencies.)