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Mauritius FSC reacts to Hindenburg Research's offshore funds allegations against SEBI chief Madhabi Puri Buch

The Financial Services Commission of Mauritius on Tuesday denied the offshore fund allegations against Securities and Exchange Board of India chief Madhabi Puri Buch in the new Hindenburg Research report, saying that the funds are “not domiciled” in the island nation. Madhabi Puri Buch, SEBI chief “The report of Hindenburg has further cited 'IPE Plus Fund' is a small offshore …

Citing whistleblower documents, a new report by Hindenburg Research said Madhabi Buch, chairperson of market regulator Securities and Exchange Board of India, and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. Hindenburg Research in a new report released on Saturday alleged that SEBI chief Madhabi Puri Buch held investments in certain offshore funds …

Funds

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based "opaque" investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a U.S. short seller wiped away close to …

Adani family associates invested in its own stocks via foreign funds: Report

Gautam Adani's family allegedly invested millions of dollars in its own companies via “opaque” Mauritius funds, reported the Organised Crime and Corruption Reporting Project in its latest article. Notably, the allies of the Adani family may have spent years discreetly investing in Adani Group's own companies in the stock market during its rise in India, reported The Guardian referring to …

Adani family's partners used 'opaque' funds to invest in its stocks: Report

Millions of dollars were invested in some publicly traded stocks of India's Adani Group via "opaque" Mauritius funds that "obscured" involvement of alleged business partners of the Adani family, the Organised Crime and Corruption Reporting Project said in an article on Thursday. The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of improper business dealings, …

Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? They came into focus once again in …

Multibagger stock: Mauritius-based global investment firm, AG Dynamic Funds Ltd has bought 1,02,000 shares of Shubham Polyspin Limited — a multifilament yarn maker company in India. In last one week, this small-cap stock has surged from ₹198.50 apiece levels to ₹215.50 per share levels, logging around 8.50 per cent rise in this time horizon. In last one year, Shubham Poly …

Barred or not? Adani investors fret over 3 Mauritius funds

Confusion over three Mauritius-based funds that whipsawed shares of companies controlled by Indian billionaire Gautam Adani this week has underscored a deeper risk for investors in such stocks owned by opaque entities. Shares of Adani’s firms nosedived Monday after a local media report said accounts of these funds — owning about $6 billion of shares across the conglomerate — were …