“SEBI is the custodian of the interests of crores of families. But what is the protection against the custodian itself? Quis custodiet ipsos custodes (Who will guard the guards themselves)?” he added.Ramesh asserted that the nation wants clear answers, not evasions and silence.In his press conference, Khera recapped the conflicts of interest allegations that the Congress has made against Buch since September 2, including that she rented her property to Carol Info Services Limited, an affiliate of Wockhardt Limited, from 2018 to 2024.Wockhardt reportedly has been under SEBI’s investigation for cases including insider trading.In fresh allegations, Khera claimed Buch owns another flat in Mumbai and in 2021-22 she earned rental income from the property rented out to a company called Green World Buildcon and Infra Private Limited.”This company is owned by Mukul and Vipul Bansal. Mukul Bansal has a significant background with Indiabulls Group, being part of its senior management and on the board of several related companies,” Khera said.Indiabulls Group, where Mukul Bansal has been involved, has faced several cases with SEBI, with multiple adjudication orders and regulatory actions between 2021 and 2022, he pointed out.Besides SEBI actions, the company has also been involved in cases before other regulators and courts, and SEBI has provided affidavits in those cases, Khera said.He said this was a violation of SEBI’s Code on Conflict of Interest for Members of Board (2008).Khera further alleged that Buch was an initial shareholder of Predible Health and continued to hold equity in it even after becoming a Whole Time Member of SEBI.
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