look news india
SEBI: Hindenburg, which targeted the Adani Group last time, has this time directly attacked the market regulator SEBI. The Hindenburg report says that the SEBI chairperson is also in collusion with the Adani Group. This is the reason why they did not take any action against the Adani Group even in 18 months.
Hindenburg Research announced the revelation on Social Media X this morning. After all, once again Hindenburg is targeting Adani Group. Hindenburg Research has cited confidential documents to say that the SEBI chairperson had a stake in the offshore entities used in the Adani scam. ABP Commons does not confirm the documents on the basis of which Hindenburg has made these allegations against the SEBI chairperson.
Madhabi Puri Buch has invested Rs 10 lakh in her shares transferred to husbandHindenburg Research has said in its allegations that Madhabi Puri Buch was a full-time member and chairperson of SEBI from April 2017 to March 2022. She had a 100 percent stake in a consulting firm called Agora Partners in Singapore. Two weeks before her appointment as SEBI chairperson on March 16, 2022, she transferred her shares in the company to her husband's name.
All information was given 18 months ago, still no action taken
Hindenburg said in its disclosure that even after 18 months of the report against Adani Group last year, SEBI has not shown any interest in taking action. Even after providing full information about the black money network of Adani Group in Mauritius, no action is being taken.