Congress to launch nationwide agitation over Hindenburg’s SEBI chief-Adani nexus claim
Congress party will launch agitation on August 22, party leader Jairam Ramesh said | X@INCIndia
India's principal opposition party Congresson Tuesday (August 13)announced that itwill launch a nationwide agitation on August 22 over US short-seller Hindenburg's latest report claiming a nexus between the SEBI chairperson and the Adani Group.
The Congress party is demanding the removal of SEBI chairperson Madhabi Puri Buch following theaccusations made byHindenburg.
Congress leader and former Union minister Jairam Ramesh made the announcement on Tuesday after a meeting ofparty general secretaries, in-charges, and state chiefs, chaired by Congress president Mallikarjun Kharge.
"We had a discussion about one of the biggest scams happening in the country right now: the Hindenburg revelations, the scam related to Adani and SEBI,"Ramesh said.
He also said that the Congress party's leadership unanimously decided to launch agitationby demanding a joint parliamentary committee investigation into the alleged Adani scam.
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"We unanimously decided to have nationwide agitation on this issue, demanding two things, one is a JPC inquiry on Adani mega scam in which the Prime Minister is fully involved, and in which the financial market regulation has now been found to have been severely compromised...,"Ramesh added.
Also watch |Hindenburg vs SEBI Chief Saga: Indian stocks move in caution
The political furore comes after Hindenburg Research alleged a conflict of interest between India’s stock market regulator SEBI and its chief over fresh instances of financial impropriety tied to the Adani Group.
Hindenburg Research said that whistleblower documents show the SEBI chief and her husband had a stake in obscure offshore entities used in the Adani money syphoning scandal.
SEBI chiefBuch and her husband have since denied accusations of leniency towards Indianbusiness tycoon Gautam Adani and his group of companies.
In a joint statement, the Buchs described the claims as "baseless allegations and insinuations" devoid of truth.
(With inputs from agencies)