New Delhi, August 11: Congress leader Supriya Shrinate on Sunday claimed that the lack of transparency and accountability has led to a "biggest criminal conspiracy" and has "exposed and destroyed the integrity" of the SEBI Chief.
According to Congress leader Supriya Shrinate, SEBI (Securities and Exchange Board of India) is destroying transparency by - Failing to investigate the Adani issue despite Supreme Court orders, the alleged involvement of the investigator in the scam, leading to a lack of active investigation and not taking adequate action to prevent and punish wrongdoing, thereby compromising regulatory oversight.
On the latest report from Hindenburg Research, Congress leader Supriya Shrinate said,
"Was the Adani issue not being investigated because the one who was supposed to investigate was involved in the alleged scam? SEBI did not actively investigate despite repeated orders from the Supreme Court... At the absolute maximum level, it destroys transparency. It is the biggest criminal conspiracy... This report has exposed and destroyed the integrity of the SEBI Chief and Prime Minister Narendra Modi..."
Speaking at a press conference, Shrinate said that the whole issue "has destroyed the integrity of the SEBI chief, the ruling government and Prime Minister Narendra Modi."
She further questioned the BJP on why they are coming in defence on the matter.
"In all the matters where the names of SEBI, Madhabi Buch, Adani and Black Stone are being disclosed, what is the problem with the BJP? Why are they coming in defence? Why is the BJP talking about Adani's name and SEBI's name?" she said.
She alleged that "After the Adani scam came to light, Hindenburg filed a charge, and its investigation was handed over to SEBI. Now the report came that the SEBI chief, Madhabi Buch and her husband Dhaval Buch were investing in the same obscure foreign funds that had a relation with Adani's brother, Vinod Adani."
She further alleged that the reason the Adani scam was not being investigated was because the SEBI chief was involved.
"A question now arises that the Adani scam was not being investigated because the SEBI chief is involved in it. SEBI kept saying again and again that they have drawn a blank even after the higher judiciary asked for a report on the matter," she said.
She also questioned Buch on why she is being quiet on the allegation, the impartial investigation of the Adani matter and alleged if Adani had a role in making her the SEBI chief.
Earlier, after the opposition lashed out at the government on the matter, BJP leader Rajeev Chandrashekhar termed the report a "conspiracy" and intended attack to destabilize India's financial system and said there is nothing "credible" in the report.
Chandrashekhar further alleged that Congress is seeking foreign help to destabilize India's financial system and to create chaos in the country by attacking the independent regulator Sebi.
Speaking to ANI, the BJP leader and former Union Minister Rajeev Chandrasekhar said,
"There seems to be a pattern where the Congress over the last ten years has adopted a strategy of politics of lies and is now seeking foreign help to destabilise our financial system and to create chaos in the country by attacking the independent regulator SEBI and by casting aspersions on the chairman of SEBI. This is a conspiracy and some forces are working together to destabilize India's economy and discredit our regulators, stock markets and financial system. It is something that we should never allow, as our country is on the path of expansion and growth. Using these innuendos and lies against an independent regulator is a crime. Nothing in the report is credible. This is a conspiracy and deliberate attack on India's economy ( ANI)
