SEBI Chair Allegedly Compromised: Rahul Gandhi's Claims

Rahul Gandhi, the Leader of the Opposition in Lok Sabha, raised concerns over the fresh allegations by US short-seller Hindenburg Research against SEBI chairperson Madhabi Buch and said that the integrity of the securities regulator has been "gravely compromised". He also said that the recent report by the US short-seller firm clearly indicates why Prime Minister Narendra Modi is afraid of a Joint Parliamentary Committee (JPC) probe against the allegations. The Congress leader also said that investors across the country want to know why the Sebi Chairperson has not resigned yet. "Honest investors across the country have pressing questions for the government: Why hasn’t Sebi Chairperson Madhabi Puri Buch resigned yet? If investors lose their hard-earned money, who will be held accountable — PM Modi, the Sebi Chairperson, or Gautam Adani? In light of the new and very serious allegations that have surfaced, will the Supreme Court look into this matter suo moto once again?" he added