Brief by Shorts91 Newsdesk / 05:48pm on 10 Aug 2024,Saturday Business
Hindenburg Research has accused SEBI Chairperson Madhabi Puri Buch of having a stake in offshore funds tied to the Adani Group scandal. The US-based firm claims that Buch and her husband, Dhaval Buch, invested in obscure Bermuda and Mauritius entities linked to alleged financial misconduct by the Adani Group. Opposition leaders quickly reacted, criticizing SEBI for conflicts of interest. The report follows Hindenburg's previous allegations against Adani, which were denied by the billionaire. SEBI has not yet responded to these latest claims. The situation adds another layer of controversy to the ongoing investigation.
