Hindenburg Reports LIVE | Hindenburg Alleges SEBI Chief Held Stake In Offshore Funds Used By Adani

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.
#HindenburgResearch, #SEBICheat, #OffshoreFunds, #AdaniScandal, #FinancialInvestigation, #RegulatoryFailure, #AdaniGroup, #SEBIInvestigation, #IndiaBusiness, #FinancialNews, #RegulatoryBody, #InvestorProtection #cnbcawaaz
n18oc_business
CNBC Awaaz is one of India’s top business channels and a leader in business news and information for the last ten years. Our channel aims to educate, inform and inspire consumers to go beyond limitations, with practical tips on personal finance, investing, technology, consumer goods and capital markets. Policymakers and business owners alike have grown to trust CNBC Awaaz as the most reliable source with its eye on India’s business climate. Our programming gives consumers a platform to make decisions with confidence.
Subscribe to the CNBC Awaaz KZbin channel here: tinyurl.com/y5...
Follow CNBC Awaaz on Twitter: / cnbc_awaaz
Like us on our CNBC Awaaz Facebook page: / cnbcawaaz
Website: bit.ly/3230WJW