[Marxistindia] SEBI Chief Should Step Down

[news from the cpi(m)]

August 11, 2024

Press Release

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

SEBI Chief Should Step Down

 

Hindenburg Research which had earlier exposed the stock price manipulation
by the Adani group of companies has now leveled serious charges against the
Chairperson of the Security and Exchange Board of India(SEBI), Madhabi Puri
Buch. It has cited documents to show that Ms Buch and her husband held
stakes in the same offshore funds which were utilized by Vinod Adani to
invest in Adani companies.

 

Given these serious charges against the head of the regulatory authority, it
is necessary that the Chairperson step aside till a proper investigation is
conducted.

 

The Polit Bureau of the CPI(M) reiterates its demand that the entire affair
of the stock market manipulation of shares of the Adani group be probed by
setting up a Joint Parliamentary Committee.

 

 

(Muralidharan)

For CPI(M) Central Committee Office

 

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