Priya
Share
New Delhi: American short seller firm Hindenburg attacked market regulator SEBI chairperson Madhabi Puri Buch over Adani Group's affairs. In fact, on Saturday Hindenburg published a report, in which it accused the SEBI chief of being involved in the fraud case.
Madhabi Puri Buch also reacted to these allegations. Buch denied Hindenburg's report. Now a new update has come out regarding these allegations and counter-allegations. Hindenburg has reacted to Buch's response. In a new post on social media X, Hindenburg said that Buch's answer clearly shows that he has accepted many of our points.
Apart from this, the firm also said that Butch's reply also confirmed the investment in Bermuda/Mauritius.
SEBI chief's clarification
On Sunday, SEBI chief Madhabi Puri Buch gave clarification on the allegations made by Hindenburg. She said that we have no problem in presenting any financial document. Buch said in her statement that SEBI has taken enforcement action against Hindenburg Research. For this, SEBI had issued a show cause notice, now the firm has tried to defame SEBI and us in response to that.
Hindenburg's new post
On the clarification of SEBI Chief Madhabi Puri Buch, Hindenburg said that many questions have arisen after Madhabi Puri Buch's response. Apart from this, it is clear from her response that she has accepted many things. Apart from this, it was written in the firm's post that the whistleblower documents show that even while working in SEBI, Buch used her personal email ID for business. Buch has also used her husband's name.
In such a situation, Hindenburg, referring to the e-mail sent on 25 February 2018, said that despite being in the official position, what investments and businesses has Madhabi Puri Buch started in the name of her husband?
Hindenburg's first report
On Saturday, Hindenburg claimed in its report that whistleblower documents reveal that Madhabi Puri Buch and her husband Dhawal Buch opened their account in IPE Plus Fund 1 in Singapore on June 5, 2015. Apart from this, the couple has invested a total of $ 10 million.
--Advertisement--
