Buch scandal not just insider trading, it is conflict of interest: Rahul

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Buch scandal not just insider trading, it is conflict of interest: Rahul - Business Standard

Quick Summary:

Gandhi made the remarks in his post that accompanied a YouTube video, part of a series featuring him and Congress' media and publicity head Pawan Khera, in which the two leaders discuss various conflicts of interest allegations against Buch.

Stepping up his attack on SEBI Chairperson Madhabi Puri Buch, Leader of Opposition in the Lok Sabha Rahul Gandhi on Friday alleged that India's economic framework is being hollowed out from within by a "cartel of corporate giants", enabled by those meant to guard the country's interests.

The former Congress chief said "the Madhubi Buch scandal" isn't just insider trading but is a revealing case of direct conflict of interest, where powerful regulators are entangled with the very corporations they're supposed to oversee.