Congress Accuses SEBI Chairperson of Conflict of Interest and Seeks PM's Clarification

The Congress has alleged conflict of interest against SEBI Chairperson Madhabi Buch, claiming she drew salaries from SEBI and ICICI Bank simultaneously. They urged Prime Minister Modi, head of the appointments committee, to clarify the matter. SEBI and Buch have denied the allegations, suggesting transparency in their financial dealings.

The Congress party has raised new conflict of interest allegations against SEBI Chairperson Madhabi Buch, urging Prime Minister Narendra Modi to provide clarity on her appointment.

During a press conference, Congress claimed that Buch, since taking office in 2017, has received salaries from both SEBI and ICICI Bank, thus questioning her integrity in regulatory roles.

SEBI and Buch have strongly refuted these allegations, asserting complete transparency in their financial dealings while Adani Group also dismissed the claims as baseless.

(With inputs from agencies.)