In a recent press conference, Rahul Gandhi, a prominent Indian politician, intensified his criticisms of Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI). Gandhi accused Buch of bias in favor of the Adani Group, alleging that she has played a role in manipulating the stock market to the conglomerate’s advantage. He further contended that her actions, or lack thereof, have failed to protect the interests of retail investors, who are the most vulnerable to fluctuations and manipulations in the market.

Gandhi posed a poignant question during his address, asking who was shielding Buch from accountability amidst these serious allegations of corruption and favoritism towards certain business moguls. His inquiry hints at a larger network of influence and protection that might involve more significant figures in the government or business circles.

These accusations come amid ongoing debates and controversies surrounding corporate governance and regulatory oversights in India, where the intertwining of business and politics often leads to allegations of cronyism and corruption. Such claims by a high-profile political figure add another layer of scrutiny on SEBI’s operations and its leadership’s actions in regulating and overseeing the stock markets, particularly concerning large conglomerates like the Adani Group.