SEBI chief Madhabi Puri Buch skips Parliament’s PAC summons, citing personal reasons

Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch, who had been summoned by Parliament’s Public Accounts Committee (PAC) as part of its review of financial regulators, skipped its meeting on Thursday, citing personal reasons. PAC chairman and Congress leader K.C. Venugopal adjourned the meeting after reading out a letter from Ms. Buch, conveying her inability to appear before the committee. Ms. Buch has been in the eye of a storm over allegations of financial irregularities.At that point, MPs from the ruling Bharatiya Janata Party protested, arguing that it was beyond the PAC’s mandate to summon the SEBI chief. Ignoring their protests, Mr. Venugopal adjourned the meetingAlso Read : ‘All allegations are false, malicious, and motivated’Last-minute communicationSpeaking to reporters after the adjournment, Mr. Venugopal said, “Today morning at 9:30, we got a communication from the SEBI chairperson and other members that because of a personal…