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'Malicious' and 'mischievous': Adani Group rejects allegations in new Hindenburg report

IndiaTimes Sunday, 11 August 2024 ()
The Adani Group denied the latest allegations made by the Hindenburg research. Hindenburg alleged that Sebi chairperson Madhabi Buch and her husband had stakes in offshore entities involved in the alleged Adani money siphoning scandal. The Adani Group called the claims malicious, emphasizing their transparency and regulatory compliance. Buch and her husband also refuted the allegations, offering complete transparency of their financial documents.
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News video: Hindenburg Strikes Again: New Report Says SEBI Chief Had Stake in Adani’s Offshore Deals| Watch

Hindenburg Strikes Again: New Report Says SEBI Chief Had Stake in Adani’s Offshore Deals| Watch 03:35

Hindenburg Research's latest report alleges that SEBI Chairperson Madhabi Buch and her husband held stakes in offshore entities linked to the Adani money siphoning scandal. Based on whistleblower documents, the report claims the couple opened an account with IPE Plus Fund 1 in Singapore in 2015,...

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