Hindenburg Research Report On SEBI: Politics is heating up after American short seller Hindenburg Research’s report accused the Adani Group and the SEBI chairperson. The report said that the SEBI chairperson had a stake in offshore companies that were used in the alleged financial irregularities of the Adani Group.
On the latest report of Hindenburg Research, Congress leader Supriya Srinet said, “Was the Adani case not being investigated because the one who was supposed to investigate was involved in the alleged scam? Despite repeated orders of the Supreme Court, SEBI did not investigate actively. This completely eliminates transparency. This is the biggest criminal conspiracy.”
Congress raised questions on PM Modi’s honesty
The Congress leader said, “This report has affected the SEBI chief and the Prime Minister Narendra Modi The integrity of the company has been exposed. The Supreme Court repeatedly asked for details of the investment. Everybody repeatedly looked here and there.”
Our questions to SEBI Chief Madhabi Buch:
• Did you invest in IPE Plus Fund 1 in 2015 as part of the Global Development Opportunities Fund, which belongs to Gautam Adani’s brother Vinod Adani?
• When you were a full-time member of SEBI, did you redeem your investment in IPE Plus Fund 1… pic.twitter.com/PwxrrxvSyZ
— Supriya Shrinate (@SupriyaShrinate) August 11, 2024
What did SEBI Chairperson say on the allegations?
SEBI Chairperson Madhabi Puri Buch has said that we had sent show cause notices to Hindenburg several times. But they did not respond to them. Instead, they have raised questions on the credibility of a prestigious institution like SEBI. It is very sad that instead of responding to these notices, Hindenburg has chosen to attack SEBI’s credibility and defame it. Hindenburg Research has also made a personal attack on the SEBI Chairperson.
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