On Tuesday, Congress president Mallikarjun Kharge alleged that the institutional integrity of SEBI as a robust market regulator has been "tarnished by Prime Minister Narendra Modi to save his crony friends."

"The institutional integrity of SEBI as a robust Market Regulator has been tarnished by PM Narendra Modi to save his crony friends! The Mega Modi-Adani Scam is being investigated by SEBI. SEBI Chairperson has multiple issues of conflict of interest. The Congress party has now revealed numerous such instances. The Modi-Shah-led committee appointed the SEBI Chairperson. Did they deliberately appoint her to benefit their crony friends? Or were they unaware of the shady financial dealings? Are SEBI orders on regulated companies, now, contingent on the CONSULTANCY FEES its Chairperson receives through a shady company? Is this 'Na Khaunga, Na Khane Doonga'?" Congress president Mallikarjun Kharge asked, posting in on X.