SEBI Chief's Encounter with Parliament's PAC Sparks Political Tensions

SEBI Chairperson Madhabi Puri Buch is set to appear before the Public Accounts Committee amid allegations of political motivations. The meeting will review regulatory bodies' performance. Recent accusations by Hindenburg Research have politicized the issue, with BJP member Nishikant Dubey criticizing committee head K C Venugopal's actions.

SEBI Chairperson Madhabi Puri Buch is slated for a crucial meeting with Parliament's Public Accounts Committee on Thursday. This comes amid a brewing political storm following allegations by senior BJP member that the panel's chairman, Congress MP K C Venugopal, is politically motivated in his actions.

The committee meeting aims to assess the performance of regulatory bodies established by legislation. However, the agenda took a contentious turn when Venugopal summoned Buch, who is embroiled in political controversy spurred by US firm Hindenburg's allegations against her.

BJP MP Nishikant Dubey accused Venugopal of dragging non-existent issues to tarnish the central government, alleging his intentions are politically driven. As BJP parliamentarians command a majority, they are expected to resist attempts by opposition members to discuss matters they deem beyond the committee's scope.

(With inputs from agencies.)