SEBI Chief Madhabi Puri Buch May Not Get Extension As Govt Invites Applications For Post

The SEBI chief came under the spotlight after US-based short-seller Hindenburg Research, which has since announced it was shutting down, accused Buch and her husband, Dhaval Buch, of having a stake in obscure offshore entities used in “the Adani money siphoning scandal”.

The allegations sparked a political row with Opposition Congress demanding a parliamentary probe into the charges. The ruling Bharatiya Janata Party (BJP) attacked the Congress, questioning why it was against the Indian companies, whether government or private, and defended the foreign ones.

The Adani Group dismissed the charges as “malicious, mischievous and manipulative selections of publicly available information” and the Buchs called them a “character assassination” attempt.