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Lokpal says Mahua Moitra’s complaint against SEBI chief Buch falls short of persuading it to probe, asks to verify authenticity of Hindenburg report

The Lokpal emphasised the requirement for a thorough articulation of corruption allegations, following a strict procedural approach to assess the validity of the complaint.

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Anti-corruption ombudsman Lokpal has said the complaint of the Trinamool Congress MP Mahua Moitra alleging impropriety and conflict of interest by the SEBI chief Madhabi Puri Buch falls short of persuading it to order any probe, asking the complainant to verify the authenticity of the claims in the recent report of Hindenburg Research.

The anti-corruption body, headed by former Supreme Court judge Justice AM Khanwilkar, stated that the Lokpal cannot solely act based on the Hindenburg Research report. The report raised allegations of quid pro quo against SEBI Chief Buch, citing her investments in offshore funds linked to the Adani group of companies.

While deciding on two complaints filed by different individuals based on a report by US-based short-seller Hindenburg Research, it asked both the complainants to file affidavits mentioning details of the efforts made by them to verify the authenticity and credibility of the claims in the recent report of Hindenburg Research published on 10.08.2024.

The Lokpal requested the details of the allegations against the individual that could constitute corruption within the Prevention of Corruption Act, 1988, according to its public order dated September 20, to prevent misinterpretation and politicization of the issue.

Hindenburg Research’s report claimed that Buch and her husband were involved in offshore funds related to an alleged Adani scandal, which both parties refuted, considering it an attack on the regulator’s credibility.

In response to a complaint lodged by a Lok Sabha MP, the Lokpal found insufficient grounds to initiate a preliminary inquiry under Section 20 of the Lokpal Act of 2013.

“This direction is only a procedural order, issued for testing the question of tenability of the concerned complaint and to record a prima facie view as required under Section 20 of the Act of 2013, in the peculiar fact situation,” reads the order issued by Lokpal chairperson Justice A M Khanwilkar and three other members — Justices L Narayana Swamy, Ritu Raj Awasthi, and Sushil Chandra.

Trinamool Congress MP Mahua Moitra filed a complaint on September 13 and proposed that the matter be referred to the Enforcement Directorate or the Central Bureau of Investigation for a full inquiry.

Concerning the complaint and its subsequent investigation, the Lokpal highlighted the importance of protecting the identities involved and ensuring a fair inquiry process.

The Lokpal in its order, without mentioning the name of the complainant, said the communication filed in its office is dated September 11, 2024, whose entire copy “was contemporaneously placed in public domain (in media) despite the mandate of Rule 4 of the Lokpal (Complaint) Rules, 2020-guaranteeing protection of identity not only to the complainant but also to the public servant complained against till the conclusion of the inquiry or investigation.”

The complainant hastily submitted the complaint on the same day they came across the Hindenburg Research report without adequate verification, prompting the Lokpal to stress the need for credible evidence before lodging complaints.

The Lokpal emphasised the requirement for a thorough articulation of corruption allegations, following a strict procedural approach to assess the validity of the complaint.

The cases were scheduled for further review by the Lokpal on October 17, 2024, to delve deeper into the allegations and the necessity for a detailed investigation, PTI reported.

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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