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Sebi: Have mechanisms to fix conflict of interest issues

IndiaTimes Sunday, 11 August 2024
The markets regulator Sebi dismissed allegations by Hindenburg Research about conflict of interest involving its chairperson, stating that adequate internal mechanisms were in place. Sebi emphasized its actions against Adani Group, highlighted completed investigations, and negated claims of regulatory changes favoring Blackstone. Sebi's response followed a show-cause notice issued to Hindenburg over illegal gains.
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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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