Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri Buch
SEBI chairperson Madhabi Puri Buch's involvement in the obscure offshore entities in siphoning case.
«Group has absolutely no commercial relationship with individuals or matters mentioned,» Adani said reacting to recent Hindenburg report.
The Adani Group also rejected these allegations against the company and reiterated that its overseas holding structure is fully transparent.
Earlier, the SEBI chief and her husband Dhaval Buch dismissed Hindenburg's allegations as baseless and said that the US-based company is attempting character assassination in response to a show-cause notice issued by the regulator in the Adani controversy.
Also Read: Sebi chief Madhabi Buch accuses Hindenburg of attempting character assassination, denies short-seller's allegations
“It is unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same,” the husband-wife duo said in a late night statement.
What is Hindenburg claiming this time?
On Saturday, Hindenburg teased on X saying «Something big soon India» followed by allegations later in the night that Madhabi and her husband had invested in offshore entities supposedly tied to a fund structure overseen by India Infoline.
The report by Hindenburg claims that this structure also included investments from Vinod Adani. These investments were reportedly made in 2015, prior to Madhabi's appointment as a whole-time member of SEBI in 2017, and her promotion to
