Opposition presses for SEBI chief resignation, JPC probe; BJP dismisses as chaos conspiracy.

In a recent development, SP chief Akhilesh Yadav has called for an impartial investigation into SEBI to restore its reputation as a protector of investors. The BJP, on the other hand, accused the opposition parties of conspiring to create financial instability in India and discredit the financial watchdog. BJP spokesperson Sudhanshu Trivedi mentioned that the short-selling firm, which had previously targeted the Adani group, is now under scrutiny by Indian probe agencies.

Opposition parties have joined in echoing the allegations against SEBI, with claims of creating chaos and instability in the financial sector. Congress president Mallikarjun Kharge stressed the need for a Joint Parliamentary Committee (JPC) inquiry to investigate the scandal involving SEBI and the Adani group. Left parties have also demanded a JPC probe to investigate the allegations against SEBI’s chairperson.

As the controversy unfolds, various political leaders have expressed concerns about corruption in financial systems and the need for a thorough investigation to maintain the integrity of SEBI and India’s economy.