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Former SEBI chief Madhabi Puri Buch gets clean chit from Lokpal over Hindenburg allegations

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Bombay High Court stays case against ex-SEBI chief Madhabi Buch

The Lokpal, India’s anti-corruption ombudsman, on Wednesday dismissed complaints against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch, which alleged impropriety and conflict of interest based on a Hindenburg Research report.

The Lokpal described the accusations, including those raised by Trinamool Congress MP Mahua Moitra, as “presumptions and assumptions” lacking verifiable evidence.

The complaints stemmed from Hindenburg’s 10 August 2024 report, which claimed Buch and her husband held stakes in obscure offshore funds linked to an alleged money-siphoning scheme involving the Adani Group.

Buch and the Adani Group rejected the allegations, with Buch asserting that the report aimed to undermine SEBI’s credibility through character assassination, while the Adani Group called it malicious and manipulative.

In its order, a six-member Lokpal bench, led by chairperson Justice A.M. Khanwilkar, stated, “The allegations are speculative, unsupported by credible evidence, and do not meet the criteria for offenses warranting an investigation.”

Consequently, the complaints were disposed of. The Lokpal noted that the Hindenburg report, produced by a short-seller targeting the Adani Group, could not serve as the sole basis for action against Buch.

Buch, who served as SEBI chief from 2 March 2022 until 28 February 2025, had been asked by the Lokpal on 8 November 2024 to respond to the complaints filed by Moitra and two others.

She submitted an affidavit on 7 December 2024, addressing the allegations and raising preliminary objections. On 19 December 2024, the Lokpal scheduled oral hearings to allow Buch and the complainants to clarify their positions.

Hindenburg Research announced its closure in January 2025. The Lokpal held oral arguments on 9 April 2025, after additional documents and affidavits were submitted. The advocate for one complainant presented detailed arguments, while the proxy counsel for another opted for written submissions.

Moitra’s counsel did not attend or present oral arguments. Buch, represented by senior counsel, provided comprehensive submissions. Parties were given time to file written responses post-hearing.

The complainants primarily cited Sections 7 and 11 of the Prevention of Corruption Act, 1988, alleging Buch sought undue advantage. The Lokpal examined five key allegations raised during arguments and submissions, ultimately finding them “untenable, unsubstantiated, and frivolous,” leading to the dismissal of the complaints.

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Uttar Pradesh CM directs high vigilance ahead of Bakri Eid, orders strict compliance on sacrifice and prayers

Uttar Pradesh Chief Minister has directed state administrative and police heads to ensure strict vigilance ahead of Bakri Eid. Rules mandate animal sacrifice only at designated spots and prohibit road blockages for public prayers.

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Yogi Adityanath

In view of the upcoming festival of Bakri Eid, Uttar Pradesh Chief Minister Yogi Adityanath reviewed administrative and security arrangements across the state. In a high-level security meeting, the chief minister directed officials to strengthen vigilance and clearly specified that the ritual sacrifice of animals will not be permitted in public spaces under any circumstances.

The state administration clarified that sacrifices must take place strictly at pre-designated, approved locations, and no new religious practices or traditions are to be encouraged. The chief minister also reiterated the ongoing ban on the sacrifice of prohibited animals across the state.

Guidelines on public prayers and law enforcement

To ensure that public mobility and normal life are not disrupted, the administration has directed that namaz must be offered exclusively at traditional venues. The government statement explicitly noted that permission will not be granted to offer prayers by blocking roads under any circumstances.

To prevent any communal friction or law-and-order issues, police chiefs and district magistrates in sensitive areas have been instructed to act proactively. The chief minister interacted directly with administrative heads of highly monitored districts, including Aligarh, Bijnor, Saharanpur, Rampur, and Sambhal. Law enforcement agencies have been asked to analyze past incidents to identify potential disruptive elements and initiate preventive action. Furthermore, continuous foot patrolling and pre-festival flag marches are to be conducted near religious sites and in sensitive neighborhoods. Regular dialogue will also be maintained with local peace committees at the police station, tehsil, and district levels to foster communal harmony.

Cleanliness, waste management, and slaughterhouse checks

The state directives place heavy emphasis on hygiene and the systemic disposal of waste during the festive period. Every district must implement a well-planned system to manage and dispose of waste following ritual sacrifices.

Media reports highlight that the open sale of meat remains strictly prohibited, and illegal slaughterhouses will not be allowed to operate anywhere in the state. For authorized and licensed slaughterhouses, the administration has mandated that the number of animals kept must strictly align with the officially prescribed capacity. Additionally, round-the-clock power supply, sanitation, and municipal security will be monitored.

Preparations for Ganga Dussehra and community grievance redressal

The review meeting also outlined security and safety measures for the upcoming Ganga Dussehra festival. Districts such as Prayagraj, Varanasi, Ayodhya, Chitrakoot, Hapur, Muzaffarnagar, and Amroha have been instructed to ensure clean ghats, proper barricading, shade provisions, and efficient parking management. Given the prevailing intense heatwave conditions, the comfort and safety of visiting devotees must be treated as a top priority, with ambulances deployed near heavy footfall areas.

In a bid to improve governance, the chief minister also passed several other structural directives during the session. Weekly ‘chaupals’ (community gatherings) are to be organized at the block level to immediately resolve public grievances, including revenue disputes, domestic violence, extortion, and local police complaints. These gatherings will also serve to enroll eligible beneficiaries into pending government welfare schemes.

On the administrative and regulatory front, a crackdown against vehicles running without number plates has been initiated alongside the creation of a specialized task force to eliminate illegal mining. Urgent appointments will also be filled in districts currently lacking a chief medical officer. Concluding the meeting, the administration reviewed the Department of AYUSH, ordering effective steps to deploy the ‘AYUSH Health and Wellness Policy-2026’ to promote the state as a premier global wellness tourism destination.

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No uniform civil code provisions will be imposed on tribals, clarifies Amit Shah

Union Home Minister Amit Shah has assured tribal communities that the proposed Uniform Civil Code will not interfere with their customs, urging them not to be misled by misinformation.

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Union Home Minister Amit Shah on Sunday declared that the proposed Uniform Civil Code (UCC) will not impact tribal populations in any manner. He called upon the community to stay vigilant against “conspiracies” and misinformation circulating on the subject.

Addressing the Janjati Sanskritik Samagam—a tribal conclave organized by the Janjati Suraksha Manch at the Red Fort grounds to mark the 150th birth anniversary year of Birsa Munda—Shah stated that specific provisions have been implemented in states ruled by the ruling party to exclude tribal communities from the scope of the code.

Clarification on customs and traditions

The Home Minister highlighted that a deliberate narrative has emerged suggesting the proposed legislation would strip tribal societies of their distinct culture, traditions, and customary lifestyles.

He explicitly clarified that the central government has no intention of forcing UCC regulations upon tribal or Vanvasi communities. Shah pointed out that where regional administrations have initiated the code, care has been taken by the leadership to ensure that indigenous populations remain fully outside its jurisdiction. He requested attendees to disseminate this assurance deeply into forest zones and rural villages to erase lingering apprehensions.

Focus on security and community development

Beyond the legislative framework, Shah detailed the progress made toward curbing internal security threats, stating that the nation is steadily advancing toward eradicating Naxalism entirely. He noted that violent disruptions had severely restricted progress in these belts for decades, leading to the loss of thousands of tribal lives. According to the minister, regional stability will now pave the way for accelerated development across remote hills and forests.

The address also covered constitutional rights regarding personal faith. Shah mentioned that the original framework of the Constitution grants every citizen the dignity to practice their traditional beliefs without facing coercion, temptation, or material inducement for religious conversion.

Reflecting on financial allocations, the minister criticized earlier political administrations for keeping tribal welfare funding low. He underscored that the current administration under Prime Minister Narendra Modi significantly elevated the dedicated tribal budget from a previous Rs 28,000 crore to Rs 1.54 lakh crore. Terming the vast gathering a historical movement for cultural preservation, Shah described the societal awakening as a major step toward safeguarding tribal heritage for future generations.

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Petrol crosses Rs 100 mark in Delhi after fresh Rs 2 hike amid global tensions

Petrol and diesel prices have been hiked by Rs 2 per litre in Delhi, pushing petrol past the Rs 100 mark. The revision marks the fourth increase within two weeks, driven by the ongoing Iran-US conflict.

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fuel price hike

In a significant blow to daily commuters, domestic fuel prices have been raised once again. Petrol and diesel rates were increased by Rs 2 per litre on Monday, marking the fourth such upward revision in the last two weeks. With this latest hike, the price of petrol has officially breached the psychological threshold of Rs 100 per litre in the national capital.

The consecutive revisions come on the back of severe disruptions in global oil supplies triggered by the ongoing military escalation between Iran and the United States. As international crude markets navigate the fallout of the West Asia crisis, domestic oil marketing companies have steadily passed the financial burden onto consumers to cope with surging production costs. Prior to this update, fuel rates had already experienced multiple sharp spikes over the last fortnight, compounding the financial strain on households.

Media reports indicate that while the central government had previously managed to hold steady on retail prices during the early phases of the geopolitical disruption, the sustained pressure on global energy supply routes has left local distributors with little choice but to adjust domestic rates accordingly.

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