Congress media department chairman Pawan Khera asked in a statement, “Why is Madhabi Buch shying away from answering questions before the Public Accounts Committee (PAC) of Parliament? Who is behind the plan to save her from being accountable to the PAC?” Is there a well-planned conspiracy to put the hard-earned money of crores of small and medium investors at risk and benefit Modi ji's dear friend Adani?
Gandhi had earlier posted a video on Instagram, in which he can be heard talking to Kheda on the phone and urging him to adopt new ways to caution retail investors about the “scope of risk”, Which he used for Indian stock markets. Gandhi also told Kheda that he was ready to join the party's communication campaign to help small investors protect their money.
Gandhi captioned the video, “Who is protecting the syndicate that perpetrates this fraud?” The Congress soon released a video titled “Butch Bachao Syndicate”, in which Kheda alleged that SEBI's credibility had diminished under the BJP-led National Democratic Alliance. “Congress has consistently expressed its concern over the erosion of independence and powers of SEBI. Through a series of press conferences, we have highlighted several cases of conflict of interest involving Ms Madhabi Puri Buch, Chairperson of SEBI, and her family .
These serious revelations have shaken the confidence of India's 115 million registered investors, who trust SEBI to maintain a transparent and fair financial environment. This government has left India's investors unprotected, compromising the institution whose purpose is to protect their life savings and aspirations,” Kheda said. He added, “This is deeply troubling That the leadership of SEBI, which publicly advocates measures to promote transparency in the investment sector, has failed to adhere to these standards in its own conduct.” According to the statement, “one of India's primary regulators This kind of unethical conduct by one – and possibly legally questionable behavior – is a serious threat to the stability of our regulatory environment.
This not only reflects distrust among Indian investors, but also raises alarm bells for potential foreign investors, thereby pushing India's growth prospects back.” The BJP MPs protested against the summons, claiming “an hour before their scheduled appearance, they expressed their inability to appear”, the Congress spokesperson claimed. Allegedly, “We think this is not a coincidence. “We feel that the government is trying to protect Ms. Butch in order to protect the big players in this nexus.”
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