Categories: Business

Hindenburg Research: Allegations against Adani duly investigated; Madhabi Buch disclosed, recused when necessary, says SEBI

Updated – August 12, 2024 11:12 am IST

Published – August 11, 2024 07:57 pm IST – Mumbai

SEBI chief Madhabi Puri Buch at SEBI Bhavan in Mumbai.
| Photo Credit: PTI

In its first comments following a new report by U.S.-based short seller Hindenburg Research, capital markets regulator SEBI on Sunday (August 11, 2024) said it has investigated all the allegations against the Adani group.

Chairperson Madhabi Buch made relevant disclosures from time to time and recused herself in matters involving potential conflicts of interest, the regulator said in a statement.

The regulator also said that it has duly investigated the allegations made by Hindenburg against Adani, and said that last of its 26 investigations is nearing completion now.


Also Read : Also Read : Hindenburg report echo: Adani group stocks tumble

Earlier, Ms. Buch and her husband Dhaval Buch had termed the allegations baseless, and also said that the short-seller is attacking the credibility of the capital markets regulator, and also attempting a character assassination of the chairperson.

Hindenburg Research alleged that it suspects SEBI’s unwillingness to act against Adani group may be because Ms. Madhabi Buch had stakes in offshore funds linked to the conglomerate.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

14 hours ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

14 hours ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

15 hours ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

15 hours ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

15 hours ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

15 hours ago