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The government has chosen not to comment on the Hindenburg report against SEBI Chief Madhabi Puri Buch.
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Buch and her husband have denied the allegations, calling them “baseless” and an attempt at “character assassination”.
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Hindenburg has posed new questions, seeking transparency and a public investigation into the matter.
The Department of Economic Affairs Secretary, Ajay Seth, has stated that the government has nothing to add regarding the Hindenburg report against SEBI Chief Madhabi Puri Buch. The report alleged that Buch and her husband had stakes in offshore funds linked to the Adani money siphoning scandal. Buch and her husband have denied the allegations, calling them “baseless” and an attempt at “character assassination”.
The couple has issued a point-by-point rebuttal, clarifying that their investment in the fund was made in 2015, before Buch’s appointment as SEBI Chief. They also stated that the fund did not invest in any Adani group entities. However, Hindenburg has posed new questions, seeking transparency and a public investigation into the matter.
The controversy has sparked a debate on transparency and accountability in regulatory bodies. The government’s decision not to comment on the matter has raised eyebrows, with many seeking clarity on the issue. The SEBI Chief’s denial of the allegations has not put the matter to rest, with Hindenburg seeking further answers.
