Concerns and disputes have been on a loop that points fingers at the credibility and effectiveness of such regulatory bodies in the country. (Image: X @SEBI)
Since, Hindenburg , the US investment research firm on Saturday disclosed an important report claiming that the Security Exchange Board of India (SEBI) and its Chairperson, Madhabi Buch holding stakes in offshore funds used in Adani money siphoning, eminent personalities have now come up with their response on this burning matter.
TMC MP, Mahua Moitra said that SEBI holds an opaque investment in the Adani Group, raising concerns about a potential conflict of interest as this led to accusations that SEBI has been captured by the Adani Group, resulting in complaints to the regulator being ignored, she ponied out.
This is both a Conflict and Capture of SEBI. The Chairperson of SEBI is an opaque investor in Adani Group. Samdhi Cyril Shroff is on Corporate Governance Committee. No wonder all complaints to SEBI fall on deaf ears.https://t.co/lCsa8ybeHU
— Mahua Moitra (@MahuaMoitra) August 10, 2024
Another TMC MP, Saket Gokhale stated that the report raises serious questions as to why the reputed personalities showed ignorance to probe the alleged exit poll stock market scam of BJP escalating serious concerns if SEBI stands as an autonomous or under the control of such sharks.
This is explosive!
Also now raises serious questions on why the SEBI Chairperson has refused to investigate the alleged exit poll-stock market scam of BJP despite representations from @AITCofficial & even after SEBI meeting MPs of INDIA parties in Mumbai.
Is SEBI autonomous at all? https://t.co/etrtXE2J8Z
— Saket Gokhale MP (@SaketGokhale) August 10, 2024
Congress General Secretary Jairam Ramesh brought to everyone’s attention that the Parliament was adjourned without scheduling a further date on the afternoon of August 9th, but it was notified that the sessions would continue until the evening of August 12th, which implies that the government’s abrupt move may be linked to undisclosed reasons including the latest report that puts government and its agencies in question, fueling speculations and concerns among opposition parties.
Parliament was notified to sit till the evening of Aug 12th. Suddenly it got adjourned sine die on the afternoon of Aug 9th itself. Now we know why. https://t.co/wVvsG4jove
— Jairam Ramesh (@Jairam_Ramesh) August 10, 2024
Senior Advocate Sanjay Hegde said that even the Supreme Court may have been provided with false or misleading information as the report has sparked controversies leaving it for further tilt.
So the Supreme Court may have been lied to? Why am I not surprised? https://t.co/BKZLovJUze
— SANJAY HEGDE (@sanjayuvacha) August 10, 2024
As Hindenberg claims SEBI for shown little interest in pursuing Adani despite overwhelming evidence and 40 independent investigations, concerns and disputes have been on a loop that points fingers at the credibility and effectiveness of such regulatory bodies in the country.
Related| Hindenburg Hits Again; Alleges Adani-Sebi Chief Collusion
