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Hindenburg responds to Sebi chief Madhabi Puri Buch’s statement, raising more questions about her investments and consulting firms
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Buch’s statement admits to investing in an obscure offshore fund alongside Vinod Adani, raising conflict of interest concerns
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Hindenburg asks if Buch’s consulting firms have clients that Sebi regulates, and demands a full list of clients and engagements
Hindenburg Research has responded to Sebi chief Madhabi Puri Buch’s statement, saying it raises more questions about her investments and consulting firms. Buch had denied any wrongdoing, but Hindenburg says her statement admits to investing in an obscure offshore fund alongside Vinod Adani, raising conflict of interest concerns.
Hindenburg also questions Buch’s consulting firms, asking if they have clients that Sebi regulates. The short-seller demands a full list of clients and engagements, saying that Buch’s statement does not provide enough information. Hindenburg also raises concerns about Buch’s shareholdings in the consulting firms and her use of personal email for business purposes while serving as Sebi chief.
The controversy surrounds Buch’s investments in offshore funds linked to Adani Group, which Hindenburg alleges were used to inflate stock prices. Sebi has been investigating Adani, but Hindenburg says Buch’s investments raise questions about her impartiality. The short-seller demands answers from Buch and Sebi, saying that investors deserve transparency.
