Throwing a fresh set of allegations, Congress’ media and publicity department head Pawan Khera said that between 2018 and 2024, Buch — as a whole-time member and later chairperson of capital market regulator SEBI– had been receiving rental income amounting to ₹2.16 crore from “Carol Info Services Limited”, a company affiliated to Wockhardt Limited.
SEBI was investigating Wockhardt Limited for various cases, including insider trading during 2023. Khera asserted that this was an outright case of corruption that invoked conflict of interest, violating sections 4, 7 and 8 of SEBI’s 2008 code on conflict of interests for members of its board. Khera added that he is challenging the SEBI chief to come out and deny the charges against her.
Congress levels fresh corruption allegations against SEBI chief
Congress general secretary in-charge communications Jairam Ramesh said the question really had to be asked of Prime Minister Narendra Modi and no one else on how much more evidence was needed to show the collapse of transparency and integrity, as far as the capital markets regulator was concerned.
“By the NSE’s data, there are now 10 crore Indians with unique PANs who have some form of investment in this market. Don’t they deserve better? Why does he not move? What is he afraid of?” Ramesh said in a post on X.
