New Delhi, Aug 11 (UNI) After the Hindenburg Research claimed that SEBI Chairperson Madhabi Puri Buch and her husband had a stake in obscure offshore entities used in alleged Adani money laundering case, the Congress on Sunday called for setting up of a JPC to investigate the full scope of the “Adani Mega Scam”.
In a statement, Congress general secretary Jairam Ramesh also asked the government to act immediately to eliminate all conflicts of interest in the SEBI investigation of Adani.
Ramesh in the statement said, “The Hindenburg Research revelations today show that SEBI Chairperson Madhabi Puri Buch and her husband invested in the same Bermuda and Mauritius-based offshore funds in which Vinod Adani and his close associates Chang Chung-Ling and Nasser Ali Shahban Ahli invested funds earned from the over-invoicing of power equipment”.
“These funds are believed also to have been used to amass large stakes in Adani Group companies in violation of SEBI regulations. It is shocking that Buch would have a financial stake in these same funds,” Ramesh said.
He said, “This raises fresh questions about Gautam Adani’s two 2022 meetings in quick succession with Ms Buch shortly after she became SEBI chairperson. Recall that SEBI was supposedly investigating Adani transactions at the time”.
