Port Blair, 12 August 2024:
The Polit Bureau of the Communist Party of India (Marxist) has issued the 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.
