Why in news The anti-corruption watchdog, Lokpal , has asked Madhabi Puri Buch , the chief of India’s stock market regulator (SEBI), to ex...
Why in news
The anti-corruption watchdog, Lokpal, has asked Madhabi Puri Buch, the chief of India’s stock market regulator (SEBI), to explain charges of conflict of interest against her.
She is required to file an affidavit explaining the charges within four weeks from receiving the order.
The charges were based on three complaints that cited a report from the U.S.-based Hindenburg Research.
Hindenburg had alleged that SEBI failed to investigate the Adani group’s stock manipulation properly because it might have implicated its own chairperson, Madhabi Puri Buch.
Complaints were filed with the Lokpal in August, September, and October 2024, requesting action against Ms. Buch under the Prevention of Corruption Act.
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