Congress hurls fresh 'conflict of interest' charge against Sebi's Madhabi Buch
Sebi chairperson Madhabi Puri Buch by alleging she had rented a property to a company controlled by people, who had held senior positions in a firm that had been under the watch of the regulator, and the party claimed that it amounted to conflict of interest.
«Ms Madhabi Buch owns another flat in Mumbai. In 2021-22, she earned rental income from a property rented out to a company called Green World Buildcon and Infra. This company is owned by Mukul and Vipul Bansal. Mukul Bansal has a significant background with Indiabulls Group, being part of its senior management and being on the board of several related companies. Indiabulls Group, where Mukul Bansal has been involved, has faced several cases with Sebi, with multiple adjudication orders and regulatory actions between 2021 and 2022,» said Congress spokesperson Pawan Khera at an official briefing. He said this was in violation of Sebi's code on conflict of interest for members of board.
The latest charge comes as part of Congress' renewed efforts to revive the issue involving allegations against the Sebi chief, which appeared to have lost its political steam of late with the matter hardly figuring in the Congress' election campaign discourse in Haryana and J&K polls. With Buch back in headlines last week with her skipping appearance before the Public Accounts Committee (PAC), the Congress has been releasing logs on the allegations against her as part of its bid to revive the issue.
After the party's latest charge, Congress president Mallikarjun Kharge accused PM
