HomePoliticsRahul’s ‘Adani Bachao Syndicate’: Is Butch blackmailing the PM?

Rahul’s ‘Adani Bachao Syndicate’: Is Butch blackmailing the PM?

Rahul’s ‘Adani Bachao Syndicate’: Is Butch blackmailing the PM?

#News Bureau October 28,2024

Congress on Monday alleged that there is a lot of talk in the corporate world of India that SEBI chief Madhavi Buch is blackmailing the government, she is blackmailing the Prime Minister. These allegations have been made against Buch in a video posted on Rahul Gandhi’s YouTube channel. Rahul Gandhi has made these allegations in a fresh video released under the name ‘Adani Bachao Syndicate’.

Actually, Rahul released a video on Monday titled ‘Adani Bachao Syndicate’. Two days before this, he had also released two videos named ‘Buch Bachao Syndicate’. This is being called the second part in the series of revelations related to Adani-Buch. In the latest video released on Monday, Rahul Gandhi and Pawan Khera also made many claims about this.

The video features her and Congress media and publicity chief Pawan Khera, in which they are talking about Butch’s alleged conflict of interest. Pawan Khera said in the video, “It is being said in the corporate world that she is blackmailing the government, she is blackmailing the Prime Minister. That if I sink, I will take you along with me! Think about it, she is neither afraid of this nor of the PAC.”

On this, Rahul asked – who is saving her? Then Pawan Khera says that she is scaring someone at the top too, that is why she is saving herself. Then Rahul says that ‘there is definitely someone else behind her. Some big power is saving her.’ Then Pawan Khera explains that the issue you are raising is all leading to that issue – Adani! Hindenburg!’

Rahul Gandhi replied, ‘So she is basically protecting him (Adani), his valuation and his reputation.’ In the video, Pawan Khera then tells Rahul citing the document, ‘There is a whistleblower who has given me more information about how she was dealing in shares of unlisted companies. Even while being the SEBI chairman! This was quite strange.’ Pawan Khera then referred to a company and said that its founding member is Madhubi Buch and she takes money from startups. He further said that ‘she used to take 16 crores from ICICI and as the chairman of SEBI, she used to get a salary of 2.5 crores.’ Rahul said in the video,

Rahul Gandhi, Congress leader

Madhabi Buch did not attend the meeting called by the Public Accounts Committee (PAC) of Parliament to review the functioning of SEBI on Thursday, citing ‘necessary reasons’. PAC Chairman and Congress leader KC Venugopal postponed the meeting.

Rahul said in the video that the Butch scandal is deeper than imagined. He said that Butch, who is entrusted with the responsibility of protecting retail investors, may be manipulating the system to protect Adani’s interests and his inflated valuation. He alleged that those who are responsible for protecting common Indians and their investments have turned their back on their responsibilities and are involved in massive corruption and malpractice. He also claimed that Adani may have a hand in India’s rising defense import bill.

He said that the Congress has raised these issues, is investigating these scams and exposing the truth to the public.

Earlier in March 2023, Parliament disqualified Rahul Gandhi. Then Rahul had said, ‘I have been disqualified because the Prime Minister is afraid of my next speech. He is afraid of the next speech coming on Adani.’

Sharing the video, the Congress said the role of the SEBI chairman is to maintain the safety of the stock market and ensure that the investments of ordinary Indians are not put at risk. When the chairman is involved in manipulating the market to benefit a single player, everyone’s money is at risk. “This is what is happening with the Madhavi Buch scam. She has been put in this position by PM Modi and Home Minister Amit Shah to give a clean chit to Adani in stock manipulation charges,” the Congress alleged.

Rahul Gandhi had also released a video on Sunday. In that video, Pawan Khera was seen telling Rahul about his investigation into the Hindenburg-Adani-Buch issue. Rahul had then remarked that he has enough documents to topple the government.

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