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Congress accuses SEBI chief Madhabi Puri Buch of corruption, says she received Rs 2.16 crore as rent from company under probe

Congress general secretary in-charge communications Jairam Ramesh said the question really had to be asked of Prime Minister Narendra Modi and no one else on how much more evidence was needed to show the collapse of transparency and integrity, as far as the capital markets regulator was concerned.

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The Congress on Friday accused Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch of corruption saying she received rental income of Rs 2.16 crore from an entity affiliated with a company that the capital markets regulator was investigating for various cases, including that of insider trading.

Addressing a press conference, the Congress’ media and publicity department head Pawan Khera said that between 2018 and 2024, Buch, as a whole-time member and later chairperson of the SEBI, had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services Limited, a company affiliated to Wockhardt Limited.

Wockhardt Limited was being investigated by SEBI for various cases, including that of insider trading during 2023, Khera said at a press conference at the AICC headquarters in Delhi.

The Congress leader asserted that this was an outright case of corruption that invoked conflict of interest, violating sections 4, 7 and 8 of SEBI’s 2008 code on conflict of interests for members of its board.

Khera further informed that the SEBI chairperson was appointed on March 2, 2022, by the Appointments Committee of the Cabinet, which the Prime Minister heads. Was her appointment cleared on the condition that she could maintain her previous financial relationships, provided she acted in line with the wishes of the prime minister and his close associates, the Congress leader asked.

He pointed out that the previous SEBI chairpersons went to great lengths to avoid even the appearance of a conflict of interest, both in their roles at Sebi and in their earlier positions.

“For instance, M Damodaran sold his 50 SBI shares when he took over UTI in 2001, and CB Bhave recused himself from all matters involving the National Securities Depository Limited (NSDL), where he was formerly chairman. In contrast, Buch merely transferred her investments to her spouse, which raises concerns about credibility,” Khera said.

He asked why there was no effort to verify whether Buch would follow these established standards. “Or was this lack of scrutiny part of a mutually beneficial arrangement?” Khera asked.

“If the head of the regulatory body is compromised, then that head becomes pliable. Perhaps that was the objective,” the Congress leader said. Khera said he was challenging the SEBI chief to come out and deny the charges against her.

Congress general secretary in-charge communications Jairam Ramesh said the question really had to be asked of Prime Minister Narendra Modi and no one else on how much more evidence was needed to show the collapse of transparency and integrity, as far as the capital markets regulator was concerned.

“By the NSE’s data, there are now 10 crore Indians with unique PANs who have some form of investment in this market. Don’t they deserve better? Why does he not move? What is he afraid of?” Ramesh said in a post on X.

India News

PM Modi thanks voters of West Bengal, hails Syama Prasad Mookerjee dream

PM Narendra Modi welcomes BJP crossing majority in West Bengal, calling it a historic mandate by the people.

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PM Narendra Modi

Prime Minister Narendra Modi credited the BJP’s victory in the elections to the West Bengal Assembly elections 2026 to the people of the state and each and every party worker who has suffered in promoting the party and disseminating its message over the last 30-odd years. He thanked the people of Assam for re-electing the party.

Addressing party workers at the BJP headquarters, Modi invoked Jana Sangh found Syama Prasad Mookerjee, who worked for the purpose of a united Bengal, and Sri Aurobindo and said their spirits will be at peace at last. Paying paeans to the vision of Tagore, he recounted that the Nobel laureate had wished for a country where one can hold one’s head high without fear.
The PM said the people of Bengal have chosen the governance model of the party. He promised jobs for the youth, increased safety for women. He said the first cabinet meeting will implement Ayushman Bharat in the state. In the same breath, he promised to act against infiltrators decisively.
Pointing to the violence-less election this time, he said not one citizen has been hurt or killed while it many have died in previous polls.
He appealed to the workers of other parties to end the cycle of violence that had plagued the state for all this time and instead serve Bengal and its people.
The problems posed by the war in Iran found place in the PM’s speech. He noted that the whole country is at a disadvantage but people are soldiering on to achieve Viksit Bharat.
Referring to the importance of nari shakti in the development of India, he took potshots at the Congress and other opposition parties for opposing the women’s reservation bill. Modi reminded the audience that he had warned the Congress, Trinamool Congress and DMK for opposing it and they have been taught a lesson. Referring to Kerala, he said the BJP will see gains in the future. He mocked the Communist Party of India (Marxist) for not having any government left in the country after the loss of the Pinarayi Vijayan-led Left Democratic Front in Kerala.
Attacking the Congress, he said it has become the hub of urban naxals and said the people have thrown out communist thought in the country. The Congress has no understanding of the aspirations of the people. The BJP will continue to stand shoulder to shoulder with the people of Tamil Nadu and Kerala as well, he said.

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BJP crosses majority in West Bengal, PM Narendra Modi says lotus blooms in first reaction

PM Modi hails BJP’s majority in West Bengal, calling it a historic mandate and thanking voters across the state.

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pm modi

Prime Minister Narendra Modi on Monday welcomed the Bharatiya Janata Party’s strong performance in the West Bengal Assembly elections 2026, saying the “lotus has bloomed” in the state as the party crossed the majority mark in early results.

In a post on X, Modi thanked the people of West Bengal and described the outcome as a reflection of public trust. He said he bows to every voter for their support, adding that the mandate reflects faith in governance and development-focused politics.

The BJP’s surge in the 294-seat assembly marks a significant political shift in the state, where the party has not previously formed a government. The results indicate a major challenge to the long-standing dominance of the Trinamool Congress.

The election is part of a broader round of state polls across India, where the BJP has shown strong momentum. The party’s performance in West Bengal is being seen as one of the most significant developments in this election cycle.

With counting trends favouring the BJP, focus now turns to final results and the formation of the new government in the state.

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Stalin loses Kolathur seat in Tamil Nadu results 2026 as TVK’s VS Babu scores upset

Media reports suggest MK Stalin has lost his Kolathur stronghold to TVK’s VS Babu in Tamil Nadu election results 2026.

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MK Stalin

In a significant political development in the Tamil Nadu Assembly election results 2026, Chief Minister M. K. Stalin is reported to have lost the Kolathur constituency, according to media reports based on counting data.

As per these reports, Stalin was defeated by V. S. Babu of Tamilaga Vettri Kazhagam (TVK), marking a notable upset in a seat long regarded as a stronghold of the DMK leader.

Kolathur, located in Chennai, has been closely associated with Stalin for years, making the reported outcome particularly significant in the current election cycle. Earlier counting trends had indicated a tight contest, with Stalin trailing before the result was reported.

The development comes amid a strong showing by actor-turned-politician Vijay’s party, Tamilaga Vettri Kazhagam, which has performed competitively across several constituencies in the state, according to media reports.

While the Dravida Munnetra Kazhagam (DMK) has been leading in multiple seats, the reported loss in Kolathur is being viewed as a key moment in the party’s overall performance.

Final results across Tamil Nadu are still being compiled as counting continues.

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