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'Madhabi Buch disclosed, recused herself when necessary': Sebi on Hindenburg report
Credit: IndiaTimes- Published on August 11, 2024
Securities and exchange board of India (Sebi) responded to the Hindenburg report, asserting that chairperson Madhabi Puri Buch had made all required disclosures and recused herself in cases of conflict of interest. Sebi clarified the completion of 22 out of 24 investigations into the Adani Group and advised investors to exercise...
Video credit: Oneindia
Published on August 10, 2024 - 03:35
Hindenburg Strikes Again: New Report Says SEBI Chief Had Stake in Adani’s Offshore Deals| Watch
Hindenburg Research's latest report alleges that SEBI Chairperson Madhabi Buch and her husband held stakes in offshore entities linked to the Adani money siphoning scandal. Based on whistleblower documents, the report claims the couple opened an account with IPE Plus Fund 1 in Singapore in 2015, declaring their net worth at $10 million. These allegations suggest a potential conflict of interest, as the entities reportedly use the same complex structure as those associated with Vinod Adani, raising questions about regulatory oversight.
#MadhuriBuch #GautamAdani #AdaniAmbani #HindenburgReport #SEBI #SEBIScandal #Hindenburgnews #Adani #Oneindia #Oneindianews
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