Cong levels new charges against Sebi chief, asks PM to come clean

The Congress on Monday levelled fresh conflict of interest allegations against SEBI Chairperson Madhabi Buch and asked Prime Minister Narendra Modi to come clean as the head of the appointments committee of the cabinet on her appointment.

The opposition party said the Supreme Court should take cognisance of these fresh revelations and demanded that the Securities and Exchange Board of India (SEBI) chairperson should be dismissed immediately.

At a press conference, the Congress alleged that since the current SEBI chairperson took office in 2017, she has not only been drawing a salary from SEBI but has also been holding an office of profit at the ICICI Bank, continuing to receive income from them to this very day.

There was no immediate response from Buch or the ICICI bank on the allegations.

Congress president Mallikarjun Kharge said since the SEBI chairperson was appointed by the Narendra Modi-Amit Shah-led committee (appointments committee of the cabinet), they cannot absolve ...