New Delhi: Congress MP and Leader of the Opposition in the Lok Sabha, Rahul Gandhi, has sounded the alarm over what he described as a significant risk to the Indian stock market, claiming that the institutions responsible for governing the market are compromised. In a statement, Gandhi pointed to new allegations against the Adani Group, which include illegal share ownership and price manipulation using offshore funds.
Gandhi’s concerns deepened with revelations that SEBI Chairperson Madhabi Puri Buch and her husband allegedly had an interest in one of these offshore funds. He described this as an “explosive allegation,” questioning the integrity of the stock market’s regulation. Gandhi emphasized the urgent need for answers from the government, asking why Buch has not yet resigned and who would be held accountable if investors lose their money—whether it would be Prime Minister Modi, the SEBI Chairperson, or Gautam Adani.
The Congress leader also questioned whether the Supreme Court would take suo moto cognizance of these new developments, given the gravity of the situation.
Gandhi reiterated his call for a Joint Parliamentary Committee (JPC) to investigate the matter, suggesting that the Prime Minister’s reluctance to allow such a probe may be due to these emerging allegations.
