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Sebi chairman likely to be questioned by parliamentary panel

SEBI Chairman Madhabi Puri Buch will testify before the House Standing Committee on Finance on Tuesday on regulatory issues regarding the capital market and is expected to be questioned about the recent NSE scam, sources said on Sunday. The panel chaired by former Minister of State for Finance Jayant Sinha called on Buch to deliberate on regulatory issues related to IPOs, international financial services centers and alternative investment funds, according to a notice published by the secretariat of Lok Sabha.

Sources within the committee said the members would also question the SEBI chairman about the recent National Stock Exchange (NSE) scam in which several of its top officials, including former CEOs Chitra Ramakrishna and Ravi Narain, are being targeted. of an investigation. When contacted, Sinha said Buch was called by the parliamentary panel to deliberate on the orderly functioning of the market in the recent volatility and turbulent flow of cash.

The committee, which includes among its members former Prime Minister Manmohan Singh, former Bihar Finance Minister Sushil Modi and several lawyers and politicians, among others, will question the SEBI Chairman on the recent NSE scam, it said. the sources. Recently, the panel was awarded for being the best parliamentary committee.

This will be the second meeting of SEBI officials with the parliamentary panel last week. They had also appeared before the panel on March 30.

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