Hindenburg-Adani Case: The Securities and Exchange Board of India (SEBI) has responded to allegations made by the US-based short seller, Hindenburg Research, regarding its investigation into the Adani Group. On August 10, Hindenburg claimed that SEBI had not adequately investigated the Adani Group’s case and further alleged that SEBI Chairperson Madhabi Puri Buch had a stake in offshore entities used to siphon money.
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In its official statement, SEBI clarified that Chairperson Buch had disclosed all relevant information and recused herself from any matters where there was a potential conflict of interest. SEBI emphasized, “The Chairperson has also recused herself in matters involving potential conflicts of interest.”
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