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Hindenburg Reports LIVE | Hindenburg Alleges SEBI Chief Held Stake In Offshore Funds Used By Adani
U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of India's market regulator Madhabi Puri Buch previously held investments in certain offshore funds that were also used by Adani Group.
In a late night press statement, Buch denied these allegations and called them baseless, adding that a detailed statement would be issued later.
Citing whistleblower documents, Hindenburg said Buch and her husband held stakes in an offshore fund where a substantial amount of money was invested by associates of Vinod Adani, brother of Gautam Adani, who is chairman of Adani Group.
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