Questions About Madhabi Buch, SEBI Are Not Going Away; Modi Released Rapists in Gujarat But Wants to Hang Them in Bengal

A newsletter from The Wire | Founded by Sushant Singh, MK Venu, Sidharth Bhatia, Pratik Kanjilal, Tanweer Alam, Siddharth Varadarajan and Seema Chishti | Contributing writer: Kalrav Joshi, with additional inputs by Anirudh SK 

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Snapshot of the day

September 3, 2024

Siddharth Varadarajan

‘Brazen it out’ is the first response of politicians and officials who get caught in a controversy and sadly that strategy has had a fairly high success rate, especially in India where the media prefers not to stray too far from the ‘godi’ or lap of the government. In the case of SEBI chief Madhabi Buch, she has another reason to believe she can weather the tempest that her conflict of interest in the Adani share price rigging probe has caused: the company she is accused of favouring is so close to Prime Minister Modi that the fall of just one domino could well trigger a cascading effect across the board of Indian politics. In other words, some of the most powerful people in India are invested in her survival and in cronyist New India that means a lot. However, even Buch’s backers will be gobsmacked by the latest revelations from the