Greater Noida (Political Desk): Congress General Secretary and Lok Sabha MP K C Venugopal has raised serious concerns over the credibility and sanctity of capital market regulating agency SEBI.
K C Venugopal wrote on social media website X, “Ex-SEBI Chief, under PM Modi’s protection, has destroyed the credibility and sanctity of our capital markets regulator. Over and above the Adani Mega Scandal, this fresh judicial action on irregularities concerning IPOs shows that the decisions taken during her tenure must be thoroughly scrutinised to ensure investor confidence is restored in our securities market.”
He further writes, “Her involvement with various companies also raises serious questions about insider trading and her role in compromising the integrity of the stock market operations as a whole. This shows that her involvement is not restricted to a one-off scam; it exposes institutional capture by crony capitalist interests. The Modi government must answer why SEBI has turned into a shield for corporate wrongdoing instead of safeguarding investors.”
He also demanded an independent probe and strict action against all guilty, including those in power who enabled this loot. He said, “The truth must come out!”
Ex-SEBI Chief, under PM Modi’s protection, has destroyed the credibility and sanctity of our capital markets regulator.
Over and above the Adani Mega Scandal, this fresh judicial action on irregularities concerning IPOs shows that the decisions taken during her tenure must be…
— K C Venugopal (@kcvenugopalmp) March 2, 2025
