Parliament panel may summon Sebi chief, hold review of regulatory bodies

 

Sebi chairperson Madhabi Buch

The Public Accounts Committee (PAC) headed by senior Congress leader KC Venugopal is likely to summon Sebi chairperson Madhabi Puri Buch during a performance review of regulatory bodies, sources told India Today. The development comes at a time when the Congress has accused the Sebi chairperson of "holding an office of profit at ICICI" - a charge firmly denied by the bank.

The performance review of "regulatory bodies established by Act of Parliament", including the Securities and Exchange Board of India (SEBI), has been added as a suo motu subject for review.