Sebi chief Madhabi Puri Buch to appear before Public Accounts Committee tomorrow; here's why PAC meet is crucial | Stock Market News

SEBI Chief Madhabi Puri Buch is set to appear before the Public Accounts Committee (PAC) to provide oral evidence on the performance review of regulatory bodies established by the Act of Parliament. The meeting, scheduled for tomorrow, is crucial as it follows allegations of conflict of interest and corrupt practices against Buch. The PAC, led by Congress leader KC Venugopal, will scrutinize the functioning of SEBI and other regulatory bodies. The inquiry comes in the wake of accusations by US short-seller Hindenburg Research and the Congress party, which have raised concerns about Buch’s links to the Adani Group. The PAC’s review aims to ensure transparency and accountability in the operations of regulatory bodies, addressing any potential conflicts of interest and enhancing their performance2.