Congress leader Rahul Gandhi has escalated his criticism of the Securities and Exchange Board of India (SEBI) chief, Madhabi Puri Buch, after her absence from a Parliamentary committee probing the Adani Group. In a pointed statement, Gandhi questioned Buch’s reluctance to answer questions before the Public Accounts Committee (PAC) and demanded an explanation for who was orchestrating her avoidance of accountability.
Gandhi’s sharp comments come at a critical juncture, as the Adani Group faces growing scrutiny following a damning report by US-based short seller Hindenburg Research. The report accused the conglomerate of engaging in fraudulent practices and raised concerns about SEBI’s perceived inaction against the group.
Hindenburg Research’s allegations have sparked a political firestorm, with opposition parties like the Congress demanding a thorough investigation into the Adani Group’s financial dealings. The PAC, headed by senior Congress leader KC Venugopal, had summoned Buch to provide information about SEBI’s actions regarding the Adani Group. However, Buch informed the committee that she was unable to travel to Delhi, prompting Gandhi’s accusations of her evading accountability.
Gandhi’s pointed attack further intensifies the pressure on Buch and SEBI to address the growing concerns surrounding the Adani Group. He has demanded clarity on why Buch is hesitant to face the PAC and who is behind the apparent efforts to shield her from answering questions about SEBI’s actions related to the Adani Group. The situation is likely to remain a major political talking point, with further developments expected in the coming days.