Anti-corruption ombudsman Lokpal on Friday sought SEBI chief Madhabi Puri Buch’s “explanation” on complaints of impropriety and conflict of interest filed by a Lok Sabha member and two others on the basis of a report by US-based short-seller Hindenburg Research, according to an official order.The Lokpal, however, clarified its order is only a “procedural directive” and “not an expression of our opinion on any matter in issue, either way”.
Buch, the chairperson of capital markets regulator Securities and Exchange Board of India (SEBI), has been asked to submit her response within four weeks, according to the order.
“…We deem it appropriate to call upon the named RPS (respondent public servant) to offer explanation qua the allegations made against her in the respective complainant and elaborated in the concerned explanatory affidavit,” reads the order signed by Lokpal chairperson Justice A M Khanwilkar and five other members.