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Congress Calls Nationwide Protest On August 22 To Seek Removal Of SEBI Chief

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Congress Calls Nationwide Protest On August 22 To Seek Removal Of SEBI Chief

by OB Bureau
August 13, 2024
in India
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KC venugopal
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New Delhi: The Congress on Tuesday announced that it will hold a nationwide protest on August 22 outside Enforcement Directorate (ED) offices in states to press for the removal of Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch over allegations against her in the Hindenburg report. The party has also demanded a Joint Parliamentary Committee probe into the allegations against the Adani group companies, agencies reported.

The protesters will “gherao the Enforcement Directorate Office in each state capital,” said AICC General Secretary and MP, KC Venugopal.

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Alleging Prime Minister Narendra Modi’s involvement in the ‘scam’, the Congress MP was quoted as saying, “We unanimously decided to have nationwide agitation on this issue demanding two things, one is a JPC inquiry on Adani mega scam in which the Prime Minister is fully involved and in which the financial market regulation has now been found to have been severely compromised…”

In a meeting with all general secretaries, state unit chiefs and AICC state in-charges in Delhi on Tuesday, Congress president Mallikarjun Kharge discussed the demands for a caste census, declaring the Wayanad landslide a national disaster, and the natural calamities in Himachal Pradesh and northeastern states, according to reports.

Notably, Hindenburg Research on August 10 alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal.

Buch and her husband have dismissed the charges as baseless and alleged that Hindenburg Research was attacking capital markets regulator SEBI’s credibility and attempting a character assassination of its chief instead of replying to a showcause notice served to it for “violations in India”.
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