Govt must act to eliminate conflicts of interest in SEBI's Adani probe: Cong

In the wake of the US short-seller Hindenburg Research’s allegations against SEBI chairperson Madhabi Buch, the Congress on Sunday said the government must act immediately to eliminate all conflicts of interest in the regulator’s investigation of the Adani Group and reiterated its demand for a joint parliamentary committee probe into the matter.

 

The opposition party also said the “seeming complicity of the highest officials of the land” can only be resolved by setting up a Joint Parliamentary Committee to investigate the full scope of the “scam”.

 

Congress president Mallikarjun Kharge said SEBI had previously cleared “Adani, a close associate of PM Modi, before the Supreme Court following the January 2023 Hindenburg Report revelations”.