SEBI Scandal: Concentrating Wealth and Compromising Markets

Rahul Gandhi accuses SEBI chairperson Madhabi Buch of conflicts of interest, alleging she manipulates the market to favor Adani Group. Gandhi claims this reflects a regime concentrating wealth among few, posing a risk to Indian investors. Congress vows to expose malpractice and institutional corruption.

Rahul Gandhi intensified his accusations against SEBI chief Madhabi Buch, alleging conflicts of interest in favor of the Adani Group.

Gandhi, in a post, emphasized that institutional failure has morphed into a perilous cronyism, concentrating wealth among few individuals.

He revealed concerns over Buch manipulating the stock market to protect Adani's inflated valuations, risking the security of common investors.

(With inputs from agencies.)