Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate
7 months, 2 weeks ago

Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate

ABP News  

US-based short-seller Hindenburg Research, in a new report released on Saturday, alleged that the current Chairperson of the Securities and Exchange Board of India, Madhabi Buch, and her husband Dhaval Buch had stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. NEW FROM US: Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandalhttps://t.co/3ULOLxxhkU — Hindenburg Research August 10, 2024 The fresh allegations centre around the use of offshore entities, primarily based in Mauritius and Bermuda, which were reportedly utilised by Vinod Adani, brother of Gautam Adani, to siphon funds through over-invoicing of power equipment imports. Citing whistleblower documents, Hindenburg alleged that Madhabi Buch and her husband were involved in the same offshore Bermuda and Mauritius funds allegedly controlled by Vinod Adani, the elder brother of Adani Group Chairman Gautam Adani. UPDATE: Sebi Chief Madhabi Buch, Husband Deny Hindenburg Allegations Securities Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch denied allegations levelled by US short-seller Hindenburg Research, of having stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal.

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History of this topic

DC Edit | 30-yr Sebi FIR: Why long delay?
3 weeks, 4 days ago

DC Edit | 30-yr Sebi FIR: Why long delay?

Deccan Chronicle  

A Mumbai court dealing with anti-corruption cases has ordered the Anti-Corruption Bureau, Mumbai, to register a First Information Report against former Securities Exchange Board of India chairperson Madhabi Puri Buch, three Sebi whole-time members, and Bombay Stock Exchange chairman Pramod Agarwal and CEO Sundararaman Ramamurthy. Though the Bombay high court has stayed the anti-corruption court’s direction, it was surprising that …

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others
Top News
3 weeks, 6 days ago

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others

Deccan Chronicle  

Mumbai, March 2: A special court here has directed the Anti-Corruption Bureau to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations. Apart from Buch, the other officials against whom the court has ordered registration of the FIR are BSE's Managing Director and Chief Executive …

Hindenburg's Nate Anderson says stands by Adani report, closure not due to threat
1 month, 3 weeks ago

Hindenburg's Nate Anderson says stands by Adani report, closure not due to threat

Deccan Chronicle  

New Delhi: Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat - legal or otherwise - and that he stands by all its reports. Anderson told PTI that Hindenburg's January 2023 report accusing Adani Group of "the largest con in corporate …

Hindenburg's Nate Anderson says stands by Adani report, closure not due to any threat
1 month, 3 weeks ago

Hindenburg's Nate Anderson says stands by Adani report, closure not due to any threat

The Hindu  

Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat — legal or otherwise — and that he stands by all its reports. Mr. Anderson told PTI that Hindenburg’s January 2023 report accusing Adani Group of “the largest con in corporate history” …

Why did Hindenburg go after Adani Group? Nathan Anderson breaks silence
Trending News
1 month, 3 weeks ago

Why did Hindenburg go after Adani Group? Nathan Anderson breaks silence

India Today  

Hindenburg Research founder Nathan Anderson spoke for the first time about why the US-based short-selling firm decided to investigate the Adani Group. The Hindenburg report, released in January 2023, accused the Adani Group of using offshore companies to inflate revenue and manipulate stock prices while accumulating debt. Anderson termed as "goofy conspiracy" the attempts by some to link Hindenburg with …

Adani-Hindenburg Matter : Supreme Court Affirms Registry's Refusal To Accept Plea To Direct SEBI To Complete Probe
2 months ago

Adani-Hindenburg Matter : Supreme Court Affirms Registry's Refusal To Accept Plea To Direct SEBI To Complete Probe

Live Law  

The Supreme Court on January 27 dismissed a litigant's challenge to an order passed by the Registrar of the Court refusing to register his application for direction to the Securities and Exchange Board to file its investigation report in the Hindenburg Research-Adani Group matter.A bench of Justices JB Pardiwala and R Mahadevan passed the order rejecting a Miscellaneous Application. The …

Supreme Court dismisses application seeking SEBI’s investigation report in Hindenburg Research-Adani Group matter
2 months ago

Supreme Court dismisses application seeking SEBI’s investigation report in Hindenburg Research-Adani Group matter

Live Mint  

The Supreme Court of India has today dismissed an application seeking the Securities and Exchange Board's investigation report into the Hindenburg Research-Adani Group matter, according to an ANI report. The application rejected by Registrar of apex court was to direct the SEBI to submit its conclusive investigation report on the allegations made by the US-based short seller Hindenburg Research against …

Hindenburg Research Shut Down: Inside Story of the Short-Seller that Exposed Adani Group
2 months ago

Hindenburg Research Shut Down: Inside Story of the Short-Seller that Exposed Adani Group

The Hindu  

Published : Jan 24, 2025 11:33 IST - 12 MINS READ Why did the US short-seller Hindenburg Research shut shop? Hindenburg Research stings Adani Many in India had not heard of Hindenburg Research until January 2023 when it published a 30,000-word report provocatively titled “Adani Group: How the World’s Third Richest Man Is Pulling The Largest Con In Corporate History”. …

The Closure of Hindenburg Research – and the Legacy It Leaves Behind
2 months, 1 week ago

The Closure of Hindenburg Research – and the Legacy It Leaves Behind

The Quint  

First, while Hindenburg Research focused on firms based in many countries, the impact on those associated with emerging economies need to be evaluated. Responding to actions by the US authorities in November 2024, French oil firm TotalEnergies, a joint venture partner for the Adani Group, announced that it was not going to make fresh investments in its join projects with …

Hindenburg says not under investigation by U.S. SEC
2 months, 1 week ago

Hindenburg says not under investigation by U.S. SEC

The Hindu  

U.S. short-seller Hindenburg Research has said it is not under investigation by the U.S. SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. “Hindenburg is not under investigation by the SEC, to our knowledge, and any suggestion to the contrary is false,” the firm said after a Canadian portal cited documents …

Hindenburg closure not a clean chit for Adani group: Congress
2 months, 1 week ago

Hindenburg closure not a clean chit for Adani group: Congress

The Hindu  

The Hindenburg Research Group’s closure does not in any way mean a clean chit for the Adani group, the Congress said on Thursday, reacting to Hindenburg founder Nate Anderson’s announcement on disbanding the U.S.-based short seller. The party has reiterated its demand for a Joint Parliamentary Committee investigation into alleged “acts of blatant favouritism and brazen criminality” by the Adani …

Adani group shares rise founder Anderson decides to disband Hindenburg
2 months, 1 week ago

Adani group shares rise founder Anderson decides to disband Hindenburg

The Hindu  

Shares of Adani Group companies on Thursday surged in the range of 2,5% to about 7% in the morning hours before correcting on the BSE as Hindenburg Research founder Nathan Anderson abruptly announced to disband the short selling outfit. After market hours Adani Enterprises Ltd., the group’s holding company closed with a gain of 1.74% ₹2427, Adani Ports up 2.3%, …

We shook a lot of empires, says Hindenburg founder
Trending News
2 months, 1 week ago

We shook a lot of empires, says Hindenburg founder

Deccan Chronicle  

Mumbai: Hindenburg Research founder Nate Anderson while officially announcing the firm's closure on Wednesday, January 15, 2025, stated in a post that the US based shortseller’s investigations have led to 100 individuals being charged civilly or criminally by regulators including billionaires and oligarchs. “We shook some empires that we felt needed shaking.” “To date, Hindenburg and its founders’ investigations have …

Hindenburg Research Shuts Down: All You Need to Know
2 months, 1 week ago

Hindenburg Research Shuts Down: All You Need to Know

The Hindu  

Published : Jan 16, 2025 19:54 IST - 5 MINS READ Amid widespread speculation and debate, US-based Hindenburg Research, known for its controversial short-selling practices, has decided to cease operations. Senior Advocate Mahesh Jethmalani and other prominent legal experts have strongly criticised Hindenburg Research’s decision to disband, branding it a “run for cover” in light of alleged connections to financier …

Not Adani Group, Hindenburg Research's first report was on this Indian company
Trending News
2 months, 1 week ago

Not Adani Group, Hindenburg Research's first report was on this Indian company

Hindustan Times  

Hindenburg Research, the US-based short-seller now set to close, gained significant attention in the Indian media following its 2023 report on the Adani Group followed by SEBI chairperson Madhabi Puri Buch. Back in August 2017, shortly after its inception, the firm released its initial investigative reports on Eros International, a US-listed Indian film company, followed by a third report two …

BJP accuses Hindenburg Research of motivated attack on economy
2 months, 1 week ago

BJP accuses Hindenburg Research of motivated attack on economy

Deccan Chronicle  

The Bharatiya Janata Party on Thursday slammed Hindenburg Research after it announced its decision to shut operations, alleging that the US-based short seller's reports were 'supari' taken against India's rising economic power.Speaking to ANI, BJP Spokesperson Shehzad Poonawalla alleged that Hindenburg's report was sponsored, organised, orchestrated and manipulated act of economic anarchism and economic terrorism. Congress and its eco-system are …

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group
2 months, 1 week ago

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group

ABP News  

Hindenburg Research founder Nathan Anderson announced on Wednesday that he would disband the firm, whose reports led to massive short-selling by investors and sparked investigations by authorities. In his message, Anderson wrote, “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. Here Is A Look At The …

Hindenburg Research is shutting down: Days before Trump's inauguration, short seller that attacked Adani Group in India announces closure
2 months, 1 week ago

Hindenburg Research is shutting down: Days before Trump's inauguration, short seller that attacked Adani Group in India announces closure

Op India  

In a dramatic turn of events, Nathan Anderson, the founder of the controversial US-based short-seller Hindenburg Research announced on 15th January that he would disband the firm. Hindenburg Research’s attacks on Adani In January 2023, Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the company’s stock price. In September 2024, Hindenburg …

Hindenburg Research to shut down: Timeline of Nathan Anderson’s explosive allegations on Adani Group
2 months, 1 week ago

Hindenburg Research to shut down: Timeline of Nathan Anderson’s explosive allegations on Adani Group

Live Mint  

Nate Anderson, the founder of Hindenburg Research, announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group. Hindenburg news LIVE Updates: Here's the timeline of his reports on Adani January 2023: The US-based short seller …

Why did Hindenburg Research close? Short-seller that rattled Adani group disbands firm
2 months, 1 week ago

Why did Hindenburg Research close? Short-seller that rattled Adani group disbands firm

Live Mint  

Hindenburg Research founder Nate Anderson on Wednesday announced disbanding his US investment research firm. The Hindenburg boss cited the toll of running the firm as “rather intense, and at times, all-encompassing” as the main reason for his decision. While specifying the main reason behind his decision, Anderson wrote, “There is not one specific thing—no particular threat, no health issue, and …

US short seller Hindenburg Research winds down: Been the adventure of lifetime
2 months, 1 week ago

US short seller Hindenburg Research winds down: Been the adventure of lifetime

India Today  

Hindenburg Research, the US short-selling firm that shook billionaire Gautam Adani's empire and wiped out billions from his companies, is shutting its doors, founder Nate Anderson revealed on Wednesday. HINDENBURG RESEARCH REPORT AGAINST ADANI GROUP On January 25, 2023, Hindenburg Research published a scathing report titled 'Adani Group: How the Worlds 3rd Richest Man is Pulling the Largest Con in …

Hindenburg Research, whose report accused Adani Group of fraud, to be disbanded: founder
2 months, 1 week ago

Hindenburg Research, whose report accused Adani Group of fraud, to be disbanded: founder

The Hindu  

U.S. investment group Hindenburg Research will be disbanded, its founder Nate Anderson said Wednesday, adding that it has completed the projects it was handling. The company has wiped billions of dollars off companies' market values, including Indian conglomerate Adani Group after the research firm accused it of "brazen" corporate fraud. Looking ahead, Anderson plans to come up with a series …

Sebi clubs fund diversion, disclosure violation probes against ZEE, Punit Goenka and Subhash Chandra
2 months, 3 weeks ago

Sebi clubs fund diversion, disclosure violation probes against ZEE, Punit Goenka and Subhash Chandra

Live Mint  

The capital market regulator on Thursday clubbed proceedings against Zee Entertainment Enterprises Ltd, its chief executive Punit Goenka and former chairman Subhash Chandra over allegations of fund diversion and violation of disclosure requirements. In response, Zee and Goenka filed settlement applications with Sebi, which the regulator rejected in April 2023 and referred the case for further investigation. In August 2023, …

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report
3 months, 3 weeks ago

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report

Live Mint  

Billionaire Gautam Adani-led group has reportedly approached the capital markets regulator Securities and Exchange Board of India, seeking to settle a case in which Adani Group was accused of violating public shareholding regulations. According to the report, the ports-to-power conglomerate's minimum public shareholding requirement violations date back to 2020, and the regulator sought to recover about ₹2,500 crore from the …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
4 months ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

Adani Group says it lost nearly $55 billion since US indictment: Report
4 months ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 months ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

Deccan Chronicle  

New Delhi: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate".The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch …

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court
4 months ago

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court

Live Law  

An application has been filed in the Supreme Court seeking to produce the indictment of the United States Department of Justice which raised bribery allegations against Gautam Adani and other executives of Adani group of companies.The interlocutory application has been filed in the petition which was filed last year seeking an independent investigation into the allegations levelled by. An application …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 months ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 months ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

New Indian Express  

NEW DELHI: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the …

Adani shares rally in India after founder's US charges
Trending News
4 months, 1 week ago

Adani shares rally in India after founder's US charges

Deccan Chronicle  

Mumbai: Shares in Indian billionaire Gautam Adani's conglomerate rallied Friday to pare the previous day's frenzied sell-off sparked by US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts. Shares in Adani Enterprises, his conglomerate's main listed unit, rose nearly four percent in morning trade, while its listed ports and power subsidiaries posted …

Sebi investigating if Adani group flouted disclosure rules
4 months, 1 week ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

Déjà vu moment for Adani Group after Hindenburg allegations
4 months, 1 week ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
4 months, 1 week ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

Lokpal seeks SEBI chief's 'explanation' on complaints of 'impropriety, conflict of interest'
4 months, 3 weeks ago

Lokpal seeks SEBI chief's 'explanation' on complaints of 'impropriety, conflict of interest'

Deccan Chronicle  

New Delhi: Anti-corruption ombudsman Lokpal on Friday sought SEBI chief Madhabi Puri Buch's “explanation” on complaints of impropriety and conflict of interest filed by a Lok Sabha member and two others on the basis of a report by US-based short-seller Hindenburg Research, according to an official order. In an order dated September 20, the Lokpal had said that the complaint …

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News
6 months, 2 weeks ago

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News
6 months, 2 weeks ago

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg
6 months, 2 weeks ago

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg

Op India  

On Thursday, US-based short seller Hindenburg Research claimed that Swiss authorities had frozen more than USD 310 million in funds across several Swiss bank accounts over money laundering allegations against Adani Group. Taking to X, Hindenberg Research claimed: “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and …

Adani Group shares drop after Hindenburg's fresh allegations
6 months, 2 weeks ago

Adani Group shares drop after Hindenburg's fresh allegations

India Today  

The stock market has its ups and downs, and this time, it’s the Adani Group under the spotlight again. Adani Group shares fell by up to 2% in early trading on Friday after Hindenburg Research claimed that Swiss authorities had frozen over $310 million across several Swiss bank accounts. The short-seller claimed that an investigation dating back to 2021 has …

Mahindra's clarification on Congress' charges of Sebi chief earning through them: ‘False and misleading’
6 months, 2 weeks ago

Mahindra's clarification on Congress' charges of Sebi chief earning through them: ‘False and misleading’

Hindustan Times  

Mahindra responded to Congress allegations on Madhabi Puri Buch earning through them after the opposition party said that the Sebi chief earned money via companies including Mahindra and Mahindra Limited, Dr. Reddy’s, Pidilite, ICICI, Sembcorp and Visu Leasing & Finance and made 2.75 crores during her tenure as the chief of India's top securities exchange entity. Mahindra Group clarified that …

Congress to hold 20 press conferences on Aug 21 to highlight need for JPC probe into allegations against Adani, Sebi
7 months, 1 week ago

Congress to hold 20 press conferences on Aug 21 to highlight need for JPC probe into allegations against Adani, Sebi

New Indian Express  

The Congress had earlier said that the demand for a JPC probe goes beyond the findings of the Hindenburg report as it is "just the tip of the iceberg." "The demand for a Joint Parliamentary Committee investigation into the Adani Mega Scam goes far beyond the revelations made by Hindenburg Research's reports. The party has been pushing for a transparent …

‘SEBI chairperson must resign’: Jairam Ramesh says while reiterating Congress’ demand for JPC probe
7 months, 1 week ago

‘SEBI chairperson must resign’: Jairam Ramesh says while reiterating Congress’ demand for JPC probe

The Hindu  

Congress general secretary in-charge communications Jairam Ramesh on Saturday called for the resignation of the SEBI chief Madhabi Puri Buch, who has been accused of irregularities by Hindenburg Research, and reiterated his party’s call for a Joint Parliamentary Committee investigation “into the Adani Mega Scam.” Mr. Ramesh cited a media report which talks about Ms. Buch and her husband’s connection …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
7 months, 1 week ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

​Step down: On upholding the integrity of SEBI
7 months, 2 weeks ago

​Step down: On upholding the integrity of SEBI

The Hindu  

Not since the Harshad Mehta scam of 1992 has India’s securities regulations and oversight come under such scrutiny. However, the accusations of a conflict of interest levelled by New York-based short-seller Hindenburg Research against SEBI chairperson Madhabi Puri Buch in the conduct of the ongoing investigations against the Adani Group, the Ahmedabad-based global infrastructure to FMCG major, for alleged stock …

Hindenburg doubles down: Sebi chief Madhabi Buch's response now confirms...
7 months, 2 weeks ago

Hindenburg doubles down: Sebi chief Madhabi Buch's response now confirms...

India Today  

Hindenburg Research escalated its feud with India’s stock market regulator Sebi and its chief, Madhabi Puri Buch, alleging conflicts of interest and fresh instances of financial impropriety tied to the Adani Group. The US short-seller's fresh salvo soon after Sebi and Buch and her husband vehemently denied allegations of leniency towards business tycoon Gautam Adani and his group of companies. …

Adani Group rocked by Hindenburg allegations against SEBI
7 months, 2 weeks ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges
7 months, 2 weeks ago

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges

Op India  

A day after US-based short seller Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “both the obscure offshore entities used in the Adani money siphoning scandal,” the SEBI Chairperson and her husband issued a detailed statement rejecting the allegations. Insinuations about their net worth and investments referencing Madhabi’s current government salary …

SEBI Chief Buch Counters Hindenburg Allegations, Says Necessary Disclosures Made
7 months, 2 weeks ago

SEBI Chief Buch Counters Hindenburg Allegations, Says Necessary Disclosures Made

ABP News  

In response to the allegations made by Hindenburg Research, SEBI Chair Madhabi Puri Buch and her husband, Dhaval Buch, have issued a detailed breakdown of these claims in a joint statement. SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch releases a statement in the context of allegations made by Hindenburg on 10th Aug 2024 against them. "The investment …

360 One Wam refutes claims made by Hindenburg in fresh attack on Adani group
7 months, 2 weeks ago

360 One Wam refutes claims made by Hindenburg in fresh attack on Adani group

Op India  

In a stock exchange filing on Sunday, 360 One Wam Limited, formerly known as IIFL Wealth Management Limited, said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group — either directly or indirectly. “Throughout the fund’s tenure, IPE-Plus Fund 1 made zero investments in any shares of the Adani Group either directly or indirectly …

Adani Group rejects Hindenburg's fresh allegations, says it is using manipulative information for profiteering
7 months, 2 weeks ago

Adani Group rejects Hindenburg's fresh allegations, says it is using manipulative information for profiteering

Op India  

The latest allegations by Hindenburg Research are malicious, mischievous, and manipulative selections of publicly available information to arrive at pre-determined conclusions for “personal profiteering with wanton disregard for facts and the law”, an Adani Group spokesperson said on Sunday hours after the US-based short seller shot off fresh allegations against the conglomerate. “We completely reject these allegations against the Adani …

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