TMC MP Mahua Moitra lodges complaint with Lokpal against SEBI chief
Kolkata(PTI): TMC MP Mahua Moitra on Friday lodged a complaint with the Lokpal against SEBI chairperson Madhabi Puri Buch alleging "quid pro quo arrangements which potentially threatens national interests".
"My LokPal complaint against Ms. Puri-Buch been filed electronically & in physical form. LokPal must within 30 days refer it to CBI/ED for a preliminary investigation and then a full FIR enquiry. Every single entity involved needs to be summoned & every link investigated," she posted on X.
In a three-page letter, Moitra said as the issue concerns national interests and the interest of the crores of investors, the matter needs to be investigated.
US short-seller Hindenburg Research in August alleged that it suspects SEBI's unwillingness to act against the Adani Group may be because of its head Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate - an allegation slammed by the SEBI head as "baseless" while Adani Group said it never had any commercial relations with Buch.
Hindenburg alleged that Buch and her husband had undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by Vinod Adani, the elder brother of group chairman Gautam Adani, to round-trip funds and inflate stock prices.
The TMC had earlier demanded that SEBI chairperson should be suspended.
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Railway lines as fence could cut cost of barricading to curb man-elephant conflicts: MP Wadiyar
Bengaluru, Sept 17: MP Yaduveer Krishnadatta Chamaraja Wadiyar has suggested that to bring down the exorbitant cost barricading – estimated to cost around Rs 1.3 to Rs 1.5 crore per kilometre – railway lines could be used to construct fences on Tuesday.
Wadiyar took to X to share the letter he had sent to Union Environment Forest & Climate Change Minister Bhupendra Yadav.
Stating that “railway (lines) barricading” is proving to be an effective way to restrict the movement of elephants, he suggested that this should be taken up on a large scale.
“Upon consultation with the relevant authorities, it has come to my understanding that the cost of barricading per kilometre comes to Rs 1.3 crore to Rs 1.5 crore. Given that the border of the forests in my constituency stretches to over 400 km, with around 280 km of forest border requiring immediate barricading, the cost of such an exercise will reach Rs 350 crore to Rs 400 crore,” he wrote in his letter.
He said the environment ministry could make a direct request with the railway ministry for an allocation of railway lines, thus reducing the cost of the project to just that of labour cost.
“The benefits of this initiative are manifold, from reduction of human casualties, protection of property and livelihood, to conservation of elephants and, most importantly, promoting human-elephant coexistence, which is the need of the hour,” he added.
Working towards safer coexistence in Mysore-Kodagu! Submitted proposal to Union Environment Forest & Climate change Minister Shri Bhupendra Yadav Ji for railway barricading to reduce elephant-human conflicts. pic.twitter.com/VjOWIF1TTC
— Yaduveer Wadiyar (@yaduveerwadiyar) September 17, 2024
