Hindenburg report: Congress announces nationwide protest on August 22 for Sebi chief resignation | India News – Times of India

Hindenburg report: Congress announces nationwide protest on August 22 for Sebi chief resignation | India News – Times of India



NEW DELHI: Key congress meet led by president Mallikarjun Kharge on Tuesday adopted decision to carry nationwide agitation on August 22 to demand resignation of Sebi chief Madhabi Puri Buch following accusations by the US-based agency Hindenburg of a battle of curiosity which prevented Buch from urgent costs on Adani Group.
The Congress agitation on August 22 may also embrace demonstrations in any respect Enforcement Directorate places of work throughout the states.
This resolution was made at a gathering with Common Secretaries, in-charges, and PCC Presidents on the All India Congress Committee headquarters.
The Congress occasion has additionally demanded fast authorities motion to handle potential conflicts of curiosity within the regulator’s investigation of the Adani Group and referred to as for a joint parliamentary committee (JPC) to research the complete scope of the “rip-off” involving senior officers.
Hindenburg Analysis, which has beforehand raised critical allegations in opposition to the Adani Group, issued a brand new weblog publish on Saturday concentrating on Sebi chairperson Buch.The publish accused her and her husband of holding undisclosed stakes in offshore funds allegedly used within the Adani cash laundering scheme.
The analysis agency additionally criticised Sebi for its alleged lack of enthusiasm in pursuing investigations into Adani’s purported internet of shell firms primarily based in Mauritius and different offshore areas. “Sebi has proven a shocking lack of curiosity in Adani’s alleged undisclosed internet of Mauritius and offshore shell entities,” Hindenburg report stated.







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