CREDIBILITY OF SEBI TOTALLY ERADICATED: KC VENUGOPAL

Following the USbased short-seller Hindenburg report and its allegations on market regulator SEBI chairperson Madhabi Buch, AICC General Secretary and MP, KC Venugopal on Monday said that the credibility of the Securities and Exchange Board of India (SEBI) is eradicated, demanding a Joint Parliamentary Committee (JPC) probe into the matter.

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"It was a really shocking situation if the SEBI chairperson itself is involved in this entire episode. We are demanding a JPC inquiry on it. Earlier also, we demanded a JPC inquiry.

I think they had given a misreading report to the Supreme Court earlier...I think SC will also take a suo moto case against this...The country is expecting that without any delay the SEBI chairperson should resign from the post...Now the credibility of SEBI is totally eradicated, how can she continue as a chairperson,” the Congress leader said.

NCP-SCP leader Rohit Pawar said that the government should intervene and conduct an inquiry.