Congress Announces Nationwide Protest On Aug 22 for Sebi Chief Resignation, JPC Probe into Hinderburg Allegations

New Delhi: The Congress on Tuesday announced to hold a nationwide agitation on August 22 demanding SEBI Chief Madhabi Puri Buch’s resignation and a Joint Parliamentary Committee probe into the Hindenburg allegations related to the Adani issue.

Congress president Mallikarjun Kharge made this announcement after holding a meeting with all general secretaries, state unit chiefs and AICC state in-charges in Delhi. “The shocking revelations of a nexus between the SEBI and Adani needs a thorough investigation. The money of small investors in the stock market cannot be jeopardised,” Kharge posted on X after the meeting.

The Modi government must immediately seek the resignation of the SEBI chairperson and constitute a JPC in this regard, he added.

Hindenburg Research on August 10 alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal.

Buch and her husband have denied the allegations as baseless and alleged that Hindenburg Research was attacking capital markets regulator SEBI’s credibility and attempting a character assassination of its chief instead of replying to a showcause notice served to it for “violations in India”.