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IVCA supports SEBI Chief Madhabi Puri Buch amid allegations by Hindenburg Research.
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IVCA dismisses Hindenburg’s allegations as unfounded and lacking insight into Indian regulatory landscape.
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Buch and Adani Group refute allegations, terming them “character assassination” and “malicious”.
The Indian Venture and Alternate Capital Association (IVCA) has come out in support of SEBI Chairperson Madhabi Puri Buch, who was accused by Hindenburg Research of investing in an offshore fund linked to Adani Group stocks. IVCA dismissed the allegations as unfounded and lacking insight into the Indian regulatory landscape.
IVCA praised Buch’s leadership, saying SEBI has consistently demonstrated a commitment to market integrity, regulatory governance, and investor protection. The association expressed full support for Buch and believes in her capability to address the claims with diligence and integrity.
Buch and Adani Group have refuted the allegations, terming them “character assassination” and “malicious”. Adani Group stated they have no commercial relationship with the individuals or matters mentioned in the report and remain committed to transparency and compliance with legal and regulatory requirements.
