Congress leader and opposition leader Rahul Gandhi has raised questions on SEBI on the basis of the report of Hindenburg Research. Through this, he has cornered the central government. Rahul Gandhi said that the integrity of SEBI, the regulator responsible for protecting the assets of small retail investors, has been seriously hurt by the allegations against its chairman.
Rahul Gandhi said that honest investors across the country are asking the government questions like, “Why has SEBI Chairperson Madhabi Puri Buch not resigned yet? If investors lose their hard-earned money, who will be responsible for it – PM Modi, SEBI Chairperson or Gautam Adani? In view of the new and very serious allegations that have surfaced, will the Supreme Court take up suo motu cognizance of the matter again?
Congress also raised questions on SEBI, surrounded the center
Congress spokesperson Supriya Shrinet had earlier said that the Adani mega scam has come to light. She said that earlier when all the allegations were made, the matter went to SEBI but nothing happened. Supriya Shrinet said that now it has come to light that the SEBI chairman himself had invested in that fund.
The Congress spokesperson said that it has a connection with Vinod Adani, who is Gautam Adani’s brother. He said that the Buch couple had invested in Singapore. Citing the report, he said that this investment was made between 2017 and 2022, and this happened when Madhabi Buch was a full-time member of SEBI, and she had 100 percent stake in the Singapore company.
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Questions raised on SEBI chief’s offshore investments
The Congress spokesperson said that Buch had invested in funds linked to offshore entities linked to Gautam Adani’s brother Vinod Adani. According to Supriya Srinet, the report mentions Agora Consulting, a firm owned by Madhabi Buch. This company has also got a lot of business in India. The report discusses her from being the owner of Agora to becoming the head of SEBI, and also discusses how Buch handed over the leadership of the company to her husband.
Citing a report by Hindenburg Research, Supriya Srinet said that the SEBI chief’s husband is a senior advisor at Blackstone, and he promotes REIT (Real Estate Investment Trust). The Congress said that the report mentions Buch’s offshore investments, collusion between his consulting firm Agora and Blackstone.
Congress raised these questions
The Congress asked that now the main question is whether Madhabi Buch will continue as SEBI chief? He said, because the report reduces the credibility of the regulator and it is also harming the integrity of the Prime Minister. Along with this, the Congress spokesperson also raised many questions. Supriya Srinet asked whether Buch had invested in the IP Plus 1 Fund associated with Vinod Adani in 2015?
The Congress spokesperson asked when did she buy the stake and when did she transfer it to her husband? He asked whether she had disclosed the funds she had and Agora Consulting when she was a full-time director with SEBI?
Supriya Srinet asked which companies were giving business to Agora Consulting and which entities are still giving business? Has she told SEBI that her husband is part of Blackstone, which is a major player in REITs? Has she had direct meetings with Adani, Blackstone or their associated companies?
Source (PTI) (NDTV) (HINDUSTANTIMES)