'The umpire is compromised': Rahul Gandhi questions SEBI's integrity, attacks PM Modi, Adani after Hindenburg's 'explosive allegations'

Leader of the Opposition and Congress leader Rahul Gandhi, on Sunday, expressed serious concerns over the integrity of SEBI, following allegations against its chairperson, Madhabi Puri Buch. His remarks came a day after US short-seller Hindenburg Research made serious accusations against Buch and her husband.

In a video posted on X, Gandhi questioned why SEBI Chairperson Buch has not yet resigned in light of the allegations detailed in Hindenburg's latest report. "The umpire (SEBI chief) herself is severely compromised," he said.

Gandhi said that as the Leader of the Opposition, it is his responsibility to alert honest and retail investors about potential issues. He also said that investors nationwide have urgent questions for the government, particularly asking, “Why hasn’t SEBI Chairperson Madhabi Puri Buch resigned yet?”

"If investors lose their hard-earned money, who will be held accountable — PM Modi, the SEBI Chairperson, or Gautam Adani? In light of the new and very serious allegations that have surfaced, will the Supreme Court look into this matter suo moto once again?” he asked.