PAC Investigates SEBI Chairperson Allegations
PAC Investigates SEBI Chairperson Allegations
PAC Investigates SEBI Chairperson Allegations
News summary

Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), is under scrutiny following allegations of corruption and a toxic work culture. The parliamentary Public Accounts Committee (PAC) has initiated an investigation into the matter, which includes conflict of interest accusations from Hindenburg Research related to SEBI's inquiry into the Adani Group. Additionally, SEBI employees have protested, alleging public humiliation and unrealistic work targets under Buch's leadership, and have filed complaints with the Ministry of Finance. Buch and SEBI have denied these allegations, attributing them to external elements. The Congress party has called for an independent inquiry, citing concerns about the integrity of India's stock markets.

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