Investigations into Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch have concluded with no findings against her or her family, according to government sources who spoke to India Today TV.

The sources confirmed that no action will be taken against Buch and indicated that her resignation is not expected. Buch faced scrutiny over allegations of conflict of interest and financial misconduct. The controversy began when Hindenburg Research, a US-based short-seller firm, questioned Sebi Chairperson Madhabi Puri Buch's silence on allegations of conflict of interest and financial misconduct.

Hindenburg suggested that Buch may have undisclosed financial ties to the Adani Group, which has also been under investigation.

Following these claims, the Congress party accused Buch of having ties to companies regulated by Sebi through her consulting firm, Agora Advisory Pvt Ltd. Allegations emerged that she received large payments from these firms, raising concerns about her impartiality.

In response to the growing scrutiny, the Parliamentary Public Accounts Committee (PAC) initiated an investigation into Buch's conduct. This enquiry aimed to address public concerns regarding Sebi's integrity and Buch's ability to serve as a regulator.