Hindenburg: Has Hindenburg’s attack on Adani Group now reached SEBI. A new revelation has created a sensation.
Hindenburg Research has alleged that SEBI Chairperson Madhubi Puri Buch is involved in collusion with Adani Group. Let us know the full details of this case.
Hindenburg’s claim
Hindenburg Research alleges that SEBI Chairperson Madhabi Puri Buch is in collusion with Adani Group.
This is the reason why she has not taken any action against the Adani Group for more than 18 months.
According to Hindenburg, Buch’s husband Dhawal Buch has a stake in some offshore funds of Adani Group, which Adani Group has allegedly used to grab money.
What are Hindenburg’s allegations
Hindenburg Research has claimed in its allegations that
SEBI Chairperson’s connection with Adani Group: Madhabi Puri Buch and her husband Dhawal Buch have direct links with the Adani Group.
Stake in offshore companies: Hindenburg claims that the Buch couple has a stake in an offshore company in Mauritius, which has been used by the Adani Group to manipulate stock prices.
SEBI did not take any action: Hindenburg has alleged that SEBI has not taken any action against the Adani Group even after its report last year.
Allegation of connection with Adani Group
Hindenburg alleges that Dhawal Buch has a stake in some offshore funds, which were used by the Adani Group to siphon off money. These allegations are a new twist after the allegations made last year.
SEBI’s silence under question
Hindenburg says that SEBI has not taken any concrete action since reporting against Adani Group last year.
Apart from this, SEBI has issued a show cause notice to Hindenburg, which is making the matter more complicated.
SEBI Chairperson’s reply
Madhabi Puri Buch and her husband Dhawal Buch have completely rejected these allegations of Hindenburg. They have said that these allegations are baseless and a conspiracy to tarnish their image.
They have claimed that they have given all the necessary information to SEBI and if needed, they are ready to cooperate in any investigation.
What is the truth in this matter
These allegations of Hindenburg have once again created controversy in the country. The truth in this matter is not yet clear. SEBI has not yet issued any official statement on this matter.
This matter is very important for the Indian stock market. If Hindenburg’s allegations are proven true, it could shake investor confidence.