Hindenburg-SEBI row: Congress to launch protests on Aug 22 demanding resignation of Madhabi Puri Buch

Hindenburg Research Latest News: The Congress on Tuesday announced that it will launch a nationwide protest demanding the resignation of SEBI chairperson Madhabi Puri Buch over the new allegations made by US shortseller Hindenburg Research.

Addressing media in New Delhi, Congress General Secretary KC Venugopal said that in a meeting attended by nearly 60 party officials, the latest developments linked to the “Adani scam” were discussed in detail.

Today, Congress President Shri @Kharge convened a meeting of the Congress party's top leaders, including general secretaries, state in-charges, and state presidents. Fifty-six leaders attended the meeting, and 38 of them offered valuable suggestions. We discussed the latest scam… pic.twitter.com/sqZzrkRYkl

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— Congress (@INCIndia) August 13, 2024

He said that the meeting chaired by party president Mallikarjun Khadge decided to launch the protests. On August 22, the Congress will stage protests across the country demanding the resignation of the SEBI boss.

The party will also gherao the offices of the Enforcement Directorate in various cities. Venugopal also said that apart from Madhabi Puri Buch’s resignation, the Congress will maintain the demand for a JPC probe in the Adani scam.

On Saturday 10, the US shortseller had released a new set of report that alleged SEBI boss and her husband of having links with the obscure offshore funds of Adani Group. The Buchs, however, refuted all allegations and said that it was an attempt of “character assassination.”

Subsequently, the SEBI also issued a statement saying the charges against the Adani Group had been "duly investigated" and its chairperson disclosed and from time to time "also recused herself in matters involving potential conflicts of interest".

The Adani Group termed the allegations malicious and based on manipulation of select public information. The company said it had no commercial relationship with the SEBI chairperson or her husband.

(With PTI inupts)