In a dramatic escalation of his critique, Rahul Gandhi has accused SEBI of severe corruption following revelations by Hindenburg Research. The Congress leader claimed that the integrity of the Securities and Exchange Board of India (SEBI) has been "gravely compromised" by allegations involving SEBI Chairperson Madhabi Puri Buch and her husband. Hindenburg’s report alleges ties between Buch and offshore funds linked to the Adani Group’s controversial activities. Gandhi's accusations intensify the scrutiny on SEBI and the broader implications for India’s financial oversight, raising urgent questions about accountability and transparency.

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