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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 …

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Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against SEBI chief Madhabi Puri Buch is not domiciled in the island nation, and that it does not permit creation of shell companies. “The report of Hindenburg has further cited ‘IPE Plus Fund’ is a small offshore …

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’

New Hindenburg report: SEBI chief Madhabi Buch, husband owned stakes in offshore entities linked to Adani Group

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 …

From Bangladesh to Sri Lankan PMs, these leaders are invited to PM Modi's swearing-in ceremony: Report

In the Adani-Hindenburg matter, the petitioner seeking a Court monitored investigation against the Adani group companies has filed a new affidavit in the Supreme Court in the light of the recent investigative reports published by certain media houses against the conglomerate. The affidavit also provided details of alleged suppression of facts by SEBI before the Supreme Court and incriminating findings …

Adani group shares continue to make news on second straight session as company shares remained under sell off pressure for second straight session. The OCCRP report said, "Exclusive documents obtained by OCCRP and shared with The Guardian and Financial Times — including files from multiple tax havens, bank records, and internal Adani Group emails — shed light on that very …

Mauritius-based fund denies allegations by OCCRP report on Adani Group

In continuance of the attack on the Adani group, today Financial Times and Guardian published a report by a group called Organised Crime and Corruption Reporting Project alleging that the Adani Group bought its shares to increase the share price. The report by Financial Times claimed that Gautam Adani’s brother Vinod Adani was behind this, and that the investment structures …

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, …

Investigative reporters network says it has documents backing Hindenburg’s claims that Adani Group used offshore tax havens to drive up share price. Citing a review of files from multiple tax havens and internal Adani Group emails, the Organised Crime and Corruption Reporting Project said on Thursday that two individual investors – Nasser Ali Shaban Ahli from Dubai and Chang Chung-Ling …

Adani Hindenburg saga: After Mauritius Financial Services Minister Mahen Kumar Seeruttun refuting the allegations labelled by the Hindenburg Research report about the shell companies operating in the island nation, Adani groups shares witnessed sharp upside movement during morning deals on Thursday. All 10 Adani group share price surged in the opening bell whereas Adani Enterprises share price gained maximum buy …

Rejecting the claims made by Hindenburg Research, Mauritian Parliamentarian, called the claims of the presence of Shell companies of the Adani Group in Mauritius, to be “false and baseless”. The short-seller, in its report, alleged the presence of Adani Group's shell companies in Mauritius, UAE, and the Caribbean islands. According to law, Shell Companies are not allowed in Mauritius or …

The Adani Group stocks made headlines in 2022 for delivering massive returns and establishing the group's chairman, Gautam Adani, as the world's second-richest person—the first Asian to break into the top three. The seven listed Adani Group stocks led to a bloodbath on Dalal Street last week following the Hindenburg Research report claiming that the Indian giant had participated in …