Congress Alleges Conflict of Interest Against SEBI Chairperson, Demands Immediate Dismissal

The Congress has called for Prime Minister Narendra Modi to address new conflict of interest allegations against SEBI Chairperson Madhabi Buch, claiming she received income from ICICI Bank while in office. The opposition demands her immediate dismissal and a Supreme Court investigation into these revelations.

The Congress on Monday levelled fresh conflict of interest allegations against SEBI Chairperson Madhabi Buch and asked Prime Minister Narendra Modi to come clean as the head of the appointments committee of the cabinet on her appointment.

The opposition party said the Supreme Court should take cognizance of these fresh revelations and demanded that the Securities and Exchange Board of India (SEBI) chairperson should be dismissed immediately.

At a press conference, the Congress alleged that since the current SEBI chairperson took office in 2017, she has not only been drawing a salary from SEBI but has also been holding an office of profit at the ICICI Bank, continuing to receive income from them to this very day.

(With inputs from agencies.)