Cong demands independent inquiry into allegations against Sebi chief

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Cong demands independent inquiry into allegations against Sebi chief - Business Standard

Quick Summary:

Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday demanded an independent inquiry into the matter, asserting that it is in national interest to have a probe as foreign investors were getting concerned and there were doubts about the integrity of India's stock markets.

The opposition party said only an objective, independent inquiry with the SEBI Chairperson Buch stepping aside was needed until then can restore trust and confidence in India's stock markets and hence the economy.

"On 10 August, a foreign research firm issued a report with allegations against the SEBI chairperson and her family regarding offshore funds, for which they claimed to have documentary evidence.