Cong demands independent inquiry into allegations against SEBI chief

Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday demanded an independent inquiry into the matter, asserting that it is in national interest to have a probe as foreign investors were getting concerned.

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The main opposition party said only an objective, independent inquiry with the SEBI Chairperson Buch stepping aside was needed which can restore trust and confidence in India's stock markets and hence the economy.

Chairman of Professionals' Congress and Data Analytics Praveen Chakravarty claimed that lots of skeletons are tumbling out of the cupboard of SEBI, which is one of the nation's most important institutions.

“On 10 August, a foreign research firm issued a report with allegations against the SEBI chairperson and her family regarding offshore funds, for which they claimed to have documentary evidence. This allegation was made by a research firm, not by any political party. In response, a cabinet minister of the Modi government addressed the issue," he said at a press conference at the party headquarters here.