SEBI Saga: Congress alleges Madhabi Buch of insider trading, corruption and owning Mumbai company
SEBI chief Madhabi Puri Buch, Congress leader Pawan Khera on Friday levelled charges of insider trading and corruption. He also accused Buch and her husband of owning a company in Mumbai.
«The company is called Carol Info Services Ltd. This is a part of a company called Wockhardt Ltd, they have the same promoters. Wockhardt is a company on which SEBI is continuously giving orders and dealing with its cases,» said Khera.
«Madhabi Puri Buch is the chairperson of the same organisation (SEBI) which has complaints against Wockhardt before it. There was a case of insider trading too, her organisation (SEBI) dealt with insider trading case of Wockhardt too. This is a conflict of interest, I would call it corruption. This is not just conflict of interest, this is out and out corruption,» Khera added.
The Congress attacked Prime Minister Modi and Union Home Minister Amit Shah, saying that they were the ones who appointed Buch as the chairperson of the organisation. Khera questioned if Modi had an understanding with Buch that her businesses would not be touched by the government or SEBI.
Congress accuses Madhabi Buch of conflict of interest, says she drew ICICI salary while at SEBI
He further said that this was only one door that had been opened, and more doors would open which would reveal more.
Khera said, «There were such instances earlier too, but they declared and donated their shares to trusts. Here you have insider information and still have business connections with the companies.»
He then
