Conflict of Interest Allegations Intensify Against SEBI Chairperson

The Congress party has accused SEBI Chairperson Madhabi Buch of trading in listed securities while possessing unpublished price-sensitive information. Allegations include investments in Chinese firms amid India-China geopolitical tensions. Buch and her husband face criticisms over financial dealings and conflict of interest issues, which they have denied.

The Congress party has leveled serious accusations against SEBI Chairperson Madhabi Buch, claiming she traded in listed securities while holding unpublished price-sensitive information. The allegations extend to investing in Chinese firms during ongoing geopolitical tensions between India and China.

Responding to these claims, Buch stated that she followed all disclosure norms and recusal guidelines, with no wrongdoing involved. The controversy also encompasses financial transactions tied to Mahindra Group, where Buch's husband is employed, and past payments from ICICI Bank.

Further complicating matters are assertions that Buch's affiliated firms continued operations after her SEBI appointment, raising concerns over conflict of interest. Congress leaders demanded explanations from Prime Minister Narendra Modi and called for a thorough investigation into Buch's financial conduct while holding public office.

(With inputs from agencies.)