Hindenburg Research's Allegation Against India's Market Regulator Chairperson
Hindenburg's Claims Against Market Regulator
MUMBAI (Reuters) - U.S.-based short-seller Hindenburg Research has made a shocking allegation in its recent report, stating that Madhabi Puri Buch, the chairperson of India's market regulator, previously held investments in certain offshore funds linked to the Adani Group.
No Immediate Response
As of now, Buch has not replied to any requests for comment, both via phone and WhatsApp. Similarly, the market regulator has also remained silent on email inquiries.
Implications of the Allegation
This situation raises significant concerns about regulatory integrity and potential conflicts of interest. Investors and stakeholders are urged to monitor this evolving situation closely.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.