Hindenburg's Attack on SEBI's Credibility: A Case of Character Assassination?
SEBI chief Madhabi Puri Buch and her husband Dhaval refute allegations made by Hindenburg Research, calling them baseless and a attempt to attack SEBI's credibility.
SebiHindenburg ResearchMadhabi Puri BuchBlackstoneIifl Wealth ManagementReal EstateAug 11, 2024
The Buchs were responding to allegations made by Hindenburg Research, which suspected SEBI's unwillingness to act against Adani group due to Madhabi Buch's stakes in offshore funds linked to the conglomerate.
In a detailed statement issued on Sunday evening, the Buchs clarified that their investment in a fund promoted by IIFL Wealth Management was made as Singapore-based private citizens, two years before Madhabi joined SEBI as a whole-time member.
They also pointed out that Dhaval, a senior advisor at Blackstone since 2019, is not associated with the real estate side of the private equity major.
Frequently Asked Questions
What are the allegations made by Hindenburg Research against SEBI chief Madhabi Puri Buch?
Hindenburg Research has alleged that SEBI's unwillingness to act against Adani group may be due to Madhabi Buch's stakes in offshore funds linked to the conglomerate.
What is the background of Dhaval, Madhabi's husband?
Dhaval is a senior advisor at Blackstone since 2019 and is not associated with the real estate side of the private equity major.
What is the significance of the statement issued by the Buchs?
The statement clarifies the Buchs' investment in a fund promoted by IIFL Wealth Management and refutes allegations made by Hindenburg Research.
What is the role of SEBI in the Indian securities market?
SEBI is the primary regulator of the securities market in India, responsible for developing and regulating the market.
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