By NSB.News
The fate of SEBI Chairperson Madhabi Puri Buch hangs in the balance as she prepares to appear before the Public Accounts Committee (PAC) of Parliament on Thursday. Led by K.C. Venugopal of the Congress, the PAC includes a majority of members from the ruling alliance, adding complexity to Buch’s situation.
The meeting is set to review the performance of the regulatory body, with critical issues likely to arise regarding Buch’s leadership and recent allegations of impropriety. Specific questions may be directed at her concerning accusations of financial misconduct and conflicts of interest, which were brought to light by US activist short-seller Hindenburg and subsequently supported by the Congress.
Sources indicate that Buch’s request for exemption from the PAC hearing was denied, putting her under scrutiny at a politically sensitive time, with Maharashtra Assembly elections approaching. The outcome of this hearing could not only affect Buch’s position but also serve as an opportunity for opposition members to challenge the government and raise concerns among investors.