Lokpal seeks SEBI chief Madhabi Buch’s reply on corruption allegations by TMC’s Mahua Moitra, others
The anti-corruption ombudsman, however, clarified that the order did not constitute an opinion about the case at hand.
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The Lokpal on Friday directed Securities and Exchange Board of India chairperson Madhabi Puri Buch to respond to complaints of financial irregularities filed against her by Trinamool Congress MP Mahua Moitra and two others.
The anti-corruption ombudsman, however, clarified that the order did not constitute an opinion about the case at hand, and that it was only a procedural direction.
A bench headed by chairperson AM Khanwilkar said that as per the Lokpal and Lokayuktas Act, 2013, Buch was being given a chance to explain her stand, after which the Lokpal would decide “whether there exists a prima facie case for investigation”.
On September 20, the Lokpal had directed Moitra and another complainant to explain in more detail their allegations of financial irregularities against Buch. The anti-corruption ombudsman had also asked the complainants to state what efforts they took to verify the claims made by United States-based short-seller Hindenburg Research on August 10.
The complainants subsequently filed affidavits further explaining their allegations against the Securities and Exchange Board of India chief. The Lokpal on Friday took note of the affidavits, and directed Buch to explain her stand within four weeks.
The case will be heard again on December 19.
The allegations
On August 10, Hindenburg Research alleged that the SEBI chief and her husband Dhaval Buch had “hidden...
