Hindenburg Research Alleges SEBI Chief Madhabi Buch's Involvement in Offshore Funds Linked to Adani Controversy
Saturday, 10 August 2024, 10:58
Allegations Against SEBI Chairperson
US short-seller Hindenburg Research has launched a new attack on SEBI chairperson Madhabi Buch, alleging that she and her husband hold stakes in obscure offshore funds implicated in the Adani scandal.
Details of the Allegations
- Madhabi Buch accused of lack of transparency.
- Offshore funds potentially used for dubious financial maneuvers.
- Calls for investigation into regulatory oversight practices.
Potential Implications
The allegations suggest serious conflicts of interest within India’s market regulatory bodies. If substantiated, this could lead to reform in regulatory practices, impacting investor confidence.
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.