Archive · 2 Jun 2025
Lokpal Finds No Grounds to Investigate Madhabi Puri Buch
The Lokpal, an anti-corruption body, has cleared Madhabi Puri Buch of all accusations.
Complaints against her alleged conflict of interest related to the Hindenburg report and investments in Adani-linked funds.
After reviewing the evidence, the Lokpal found the allegations were based on assumptions and lacked verifiable facts, deciding not to open an investigation.
The accusations included her investments in a fund linked to the Adani group and fees received by a consultancy firm owned by Buch and her husband.
The Lokpal dismissed these as unfounded.
The Lokpal dismissed complaints against former SEBI Chief Madhabi Puri Buch.
The complaints alleged conflict of interest and quid pro quo.
Allegations were based on the Hindenburg Report and investments related to Adani.
The Lokpal found the allegations were based on presumptions and assumptions.
The agency decided against ordering an investigation.
- Who
- Madhabi Puri Buch and the Lokpal
- What
- The Lokpal dismissed complaints against former SEBI Chief Madhabi Puri Buch.
- When
- Not specified
- Where
- India
- Why
- The Lokpal found the allegations against Buch to be unsubstantiated and lacking verifiable material.
Allegations
Lokpal Findings
Allegations vs. Findings
Allegations
Allegations of conflict of interest and quid pro quo by Buch, originating from the Hindenburg Report and accusations related to investments in the Adani Group.
Lokpal Findings
The Lokpal found the allegations against Buch were based on presumptions and assumptions, lacking verifiable material to warrant an investigation.
- Person Involved
- Madhabi Puri Buch
- Role
- Former SEBI Chief
- Ruling Body
- Lokpal
- Nature of Allegations
- Conflict of interest and quid pro quo
- Basis of Complaints
- Hindenburg Report and Adani-linked investments
- Outcome
- Complaints dismissed
Sources
Lokpal's clean chit to Madhabi Buch on Hindenburg report-based graft allegations
'Unsubstantiated and bordering on frivolity': Lokpal gives clean chit to ex-Sebi chief Madhabi Puri Buch over Hindenburg-linked complaints
Lokpal dismisses complaints against former SEBI chief Buch over Hindenburg allegations
Lokpal gives clean chit to Madhabi Puri Buch in Hindenburg case
Lokpal nixes 5 plaints against Sebi ex-chief
