Key Points
Dismissing allegations made by US-based short-seller Hindenburg Research, Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (Sebi), on Sunday denied any wrongdoing...
Hindenburg had, in a report released on Saturday, made serious allegations regarding the involvement of Buch and her husband Dhaval Buch, a senior adviser with Blackstone, in a Mauritius-based offshore fund, IPE Plus Fund 1, which allegedly received investments from a Bermuda-based fund tied to Vinod Adani, the elder brother of billionaire Gautam Adani...
In its first comments following the new report by Hindenburg, Sebi said allegations against the Adani Group had been duly investigated and Chairperson Buch disclosed and recused herself from time to time when dealing with matters...
The couple clarified that their investment in the fund mentioned (IPE Plus Fund 1) by Hindenburg was made in 2015 when they both were private citizens residing in Singapore, nearly two years before Madhabi joined Sebi...
Throughout the funds tenure, it made zero investment in any shares of the Adani Group either directly or indirectly through any fund, it said.. No investor had any involvement in the funds operations or investment decisions and Madhabi Buch and Dhaval Buchs holdings in the fund were less than 1.5 per cent of the total inflow, it added...
You might be interested in
Hindenburg allegations against Adani Group duly investigated; Chairperson Buch disclosed, recused when necessary: SEBI
12, Aug, 24Mumbai, August 11 In its first comments following a new report by US-based short seller Hindenburg Research, capital markets regulator SEBI on Sunday said it has investigated all the allegations against the Adani group. Chairperson Madhabi Buch made relevant disclosures...
Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri B
11, Aug, 24The Adani Group has denied allegations from US short seller Hindenburg Research that SEBI chairperson Madhabi Puri Buch was involved in offshore entities involved in the Adani money siphoning case. The group denied any commercial relationship with individuals or matters mentioned and reiterated that its overseas holding structure is fully transparent. The group also dismissed Hindenburg's allegations as baseless and accused the US-based company of attempting character assassination in response to a show-cause notice issued by the regulator in the Adani controversy.
Sebi chief Madhabi Buch accuses Hindenburg of attempting character assassination, denies short-seller's al
11, Aug, 24Sebi chief Madhabi Puri Buch and her husband Dhaval Buch have dismissed allegations from Hindenburg Research as baseless. They accuse the US-based short-seller of attempting character assassination in response to a show-cause notice issued by Sebi concerning the Adani issue. The Buchs criticize Hindenburg's actions as a retaliatory attempt against the enforcement action taken by the regulator.
'Smoking gun turns out to be agarbatti smoke': Tax expert trashes Hindenburg report against Sebi chief
11, Aug, 24Hindenberg, in its latest report published on Saturday, alleged that Madhabi Puri Buch had stakes in offshore funds linked to Adani Group.
Sebi chief, husband reject conflict of interest charges, call it false, motivated
14, Sep, 24In a joint statement, Sebi chief Madhabi Puri Buch and husband Dhaval Buch rejected recent allegations of conflict of interest as "false, malicious, and defamatory."
Hindenburg attacking Sebis credibility, indulging in character assassination of its chief: Chairperson Madhabi Puri Buch and husband Dhaval Buch
12, Aug, 24Mumbai, August 11 US-based short seller Hindenburg Research is attempting to attack Sebi's credibility and indulging in character assassination of its chairperson, Sebi chief Madhabi Puri Buch and her husband Dhaval Buch said on Sunday. In a detailed statement issued...
Adani-Hindenburg case: 'Sebi failed to comply with SC's August 14 timeline,' alleges petitioner
29, Nov, 23In May this year, the Supreme Court had given the SEBI time till August 14 to finish the investigation into these allegations.
Adani row: Why Sebi didn't get to bottom of issues raised by Hindenburg? asks Raghuram Rajan
05, Mar, 23On being asked about the measures taken by the government to address worries after the Hindenburg allegations on Adani Group, Rajan said that he doesn't think the issue is of more oversight over private companies.
Adani Group probe over MPS norms on since October 2020: Sebi to SC
15, May, 23India Business News: NEW DELHI: The Securities and Exchange Board of India (Sebi), investigating the Hindenburg report’s accusation that the Adani Group allegedly manipula.