Rahul Gandhi makes fresh attacks on SEBI chief says, Madhabi Buch ‘protecting Adani’s money’

New Delhi: Stepping up his attack over conflicts of interest allegations against SEBI chief Madhabi Buch, Congress leader Rahul Gandhi on Monday alleged it truly is some distance clear that Buch is “protecting Adani’s money, his valuation and reputation”, and asked who is protecting her and why. Gandhi, the Leader of Opposition all of the way at some point of the Lok Sabha, also said the current regime won't be to any extent further merely encouraging monopolies but actively concentrating the nation’s wealth all of the way at some point of the hands of some.

He made the remarks in his post along with a video featuring him and Congress’ media and publicity department head Pawan Khera by which they talk in regards to the alleged conflicts of interest of SEBI chief Buch.

“Institutional crumple has now given way to a more dangerous kind of cronyism — Adani Bachao. The current regime won't be to any extent further merely encouraging monopolies, it’s actively concentrating the nation’s wealth all of the way at some point of the hands of some,” Gandhi said.

The Madhabi Buch scandal goes deeper than at first imagined, he said, adding that it could possibly be that Buch, entrusted with safeguarding retail investors, has been manipulating the system to “protect” Adani’s interests and his inflated valuations.

Those entrusted with protecting common Indians and their investments have abrogated their responsibilities and are indulging in wide scale corruption and malpractice, he alleged. The Congress has consistently raised these issues, is investigating these scams, and exposing the truth to the ultimate public, Gandhi said.

Your entire way at some point of the video, Khera is seen explaining to Gandhi a number of the conflicts of interest allegations against Buch and how there have been powers at the back of her that were at work, an apparent reference to the Adani Group.

Sharing the video, the celebration said the role of SEBI chairperson is to preserve the protection of the stock market and confirm investments of common Indians should not at risk. Alternatively, when the chairperson is curious about manipulating the market to benefit a single player – equivalent to the Adani Group – then each and every person’s money is at risk, it said.

“It be what's happening with the Madhabi Buch Scandal. She has been placed on this position by PM Modi and HM Amit Shah to present Adani a clean chit in allegations of stock manipulation,” it said.

In a post in Hindi on X, Gandhi said, “What become SEBI Chairperson Madhabi Buch taking money from ICICI for?” How may per chance she hold shares in unlisted companies while being the SEBI Chairperson and why did that company receive crores of rupees from Startup India, he asked.

“What's the worry of the govt no longer taking action on this? It be some distance clear that Buch is protecting Adani’s money, his valuation and reputation, but who is protecting Buch and why?” Gandhi said.

SEBI अध्यक्ष माधबी बुच ICICI से किस बात के पैसे ले रही थीं?

अध्यक्ष रहते हुए unlisted companies में share कैसे रख सकती थीं? उस company को Startup India के करोड़ों रुपए क्यों मिले?

सरकार किस डर से इस पर कार्रवाई नहीं कर रही?

साफ है बुच अडानी के पैसे, उनकी valuation और… https://t.co/BcsWUnzK4h

— Rahul Gandhi (@RahulGandhi) October 28, 2024

“The agencies did no longer investigate, the media did no longer question, the govt did no longer take action – now we have got investigated, are also questioning and action also may be taken when the time comes!” the previous Congress chief said.

(Best the headline has been reworked by India.com personnel. Copy comes from an agency feed)