Sensationalism or cause for concern? What experts and Opposition say on Hindenburg vs SEBI issue
Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry.
Former Infosys CFO Mohandas Pai was among the first to respond to Hindenburg’s report. He labeled the allegations as “character assassination by a vulture fund,” criticizing the report for being sensationalist. Pai took to X (formerly Twitter) to denounce the claims, asserting that the report aimed only to create a scandal rather than present factual information. He also defended SEBI’s regulatory processes, highlighting that regulations are developed through open consultations and reflect a collective effort of market participants and regulators based on global standards.
Deepak Shenoy, CEO of Capitalmind, expressed skepticism about Hindenburg’s latest report. Commenting on a post on X, Shenoy remarked, “Thoda zyada ho gaya, I feel, basically they have gone into sensationalism. There is hardly any substance.”
Tax lawyer Ajay Rotti also questioned the report's credibility, describing its connections as “ridiculous” and suggesting that the Hindenburg report aims to destabilize Indian markets. Rotti stated, “The Hindenburg report is clearly an attempt to get the Indian markets to tank at any cost. What exactly
