New Delhi, May 28 -- The Lokpal of India has dismissed all three complaints against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch in a case of alleged corruption against her and termed the allegations against her as "vexatious, frivolous, and politically motivated attempts" to sensationalise regulatory matters.

The complaints alleged corruption and quid pro quo involving the former SEBI chief and the Adani Group.

The Lokpal in its findings stated that it found "no credible evidence" of any "undue advantage" or "quid pro quo".

The findings further said that SEBI's processes, including investigations involving Adani and others, were upheld by the Supreme Court and handled by independent institutional ...