Exclusive: Former Finance Ministry Official Writes to Nirmala Sitharaman, Seeks CBI Probe Into SEBI Chief

Former Finance Ministry Official EAS Sarma Alleges Corruption, Irregularities in SEBI

Sarma's Letter Raises Concerns Over SEBI Chief's Husband's Involvement in Insider Trading

In a bombshell revelation, former Finance Ministry official EAS Sarma has written a letter to Union Finance Minister Nirmala Sitharaman, seeking a CBI probe into Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch.

Sarma's letter alleges widespread corruption and irregularities within SEBI, including insider trading by Buch's husband, Dhaval Buch.

The allegations have sent shockwaves through the financial sector and have raised serious questions about the integrity of SEBI, the regulator responsible for protecting investors.

Key Allegations in Sarma's Letter

• Insider trading by SEBI Chief Madhabi Puri Buch's husband, Dhaval Buch.
• Irregularities in SEBI's handling of insider trading cases.
• Unfair treatment of certain companies by SEBI.

Response from SEBI and the Government

SEBI has denied the allegations and has stated that it will cooperate with any investigation.

The government has not yet commented on the matter.

Significance of the Allegations

The allegations made by Sarma are extremely serious and have the potential to undermine public trust in SEBI.

If proven true, they would also raise questions about the government's ability to regulate the financial sector effectively.

Call for a Thorough Investigation

Given the gravity of the allegations, it is imperative that a thorough investigation be conducted.

A CBI probe, as requested by Sarma, would ensure an independent and impartial investigation into the matter.

Conclusion

The allegations against SEBI and its Chief Madhabi Puri Buch are a matter of grave concern.

A thorough investigation is needed to determine the truth of these allegations and to ensure that the integrity of the financial sector is protected.