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'Madhabi Buch disclosed, recused herself when necessary': Sebi on Hindenburg report

IndiaTimes Sunday, 11 August 2024
Securities and exchange board of India (Sebi) responded to the Hindenburg report, asserting that chairperson Madhabi Puri Buch had made all required disclosures and recused herself in cases of conflict of interest. Sebi clarified the completion of 22 out of 24 investigations into the Adani Group and advised investors to exercise caution before reacting to such reports.
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Video Credit: Oneindia - Published
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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