PAC May Summon SEBI Chief
BJP’s Nishikant Dubey stated that reviews must be based on CAG reports.
SEBI chief Madhabi Puri Buch.
The Public Accounts Committee (PAC) may summon SEBI chief Madhabi Buch for a performance review. The move could face technical issues.
Agenda: The PAC, chaired by Congress MP K C Venugopal, has 161 topics for review, including SEBI.
Next Meeting: On September 10, the PAC will review the National Rural Drinking Water Programme based on a 2018 CAG report.
Rules: BJP’s Nishikant Dubey stated that reviews must be based on CAG reports, with all PAC members having veto power.
Allegations: The potential review follows Hindenburg Research's claims that Buch and her husband had stakes in offshore entities related to Adani Group’s alleged stock manipulation.
Response: The Buchs have dismissed the allegations as a character attack and pointed to SEBI’s actions against Hindenburg.
