Lokpal Asks SEBI Chief About Conflict of Interest Charges

• Lokpal, an anti-corruption watchdog, seeks explanation from Madhabi Puri Buch, the chief of India’s stock market regulator, on conflict of interest charges.
• The order, led by Lokpal chief Justice A.M. Khanwilkar, is a procedural direction and does not explicitly name Buch.
• Buch is required to file an affidavit within four weeks of receiving the order.
• Hindenburg Research alleged malfeasance and stock price manipulation by the Adani group in early 2023.
• SEBI, Buch, and her spouse Dhaval Buch have issued separate statements to clarify the charges.