Hindenburg claims Sebi chief had stake in offshore funds linked to Adani scandal

10 авг. 2024 г., 20:32, 73 новостей, 10 просмотров

Citing whistleblower documents, a new report by Hindenburg Research said Madhabi Buch, chairperson of market regulator Securities and Exchange Board of India (SEBI), and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct.

SEBI chairperson Madhabi Puri Buch.(PTI)

Hindenburg said 18 months since its damning report on Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities."

According to the Hindenburg, Madhabi Buch and her husband had undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by Vinod Adani, brother of Gautam Adani, to manipulate the financial markets. These investments reportedly date back to 2015, well before Madhabi Buch’s appointment as a whole-time member of SEBI in 2017 and her elevation to SEBI chairperson in March 2022.

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