In the latest report of American short seller firm Hindenburg, serious allegations have been made targeting market regulator SEBI. Regarding this report released on Saturday, on Sunday morning, SEBI chief Madhabi Puri Buch issued a statement and clarified and termed these allegations baseless. Now a statement has also been issued by the Adani Group led by Gautam Adani in this matter and the claims made in the Hindenburg report have been completely rejected.
Adani Group rejected all the allegations
A statement has been issued by the Adani Group regarding the new report of Hindenburg Research. It states that the allegations made in this report are malicious and the facts have been manipulated. We completely reject all these allegations made by Hindenburg against the group, which are just recycled claims to defame us. Adani Group has said that all these allegations made earlier have been thoroughly investigated, which have proved to be completely baseless. These have already been rejected by the Supreme Court in January 2024.
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Adani Group has issued a statement on the latest report by Hindenburg Research.
The latest allegations by Hindenburg are malicious, mischievous and manipulative, selectively using publicly available information to arrive at pre-determined conclusions to pursue personal gain… pic.twitter.com/WwKbPLTkrv
– ANI (@ANI) August 11, 2024
What allegations has Hindenburg made?
In a report released on Saturday, American short seller firm Hindenburg has claimed a link between Adani Group and SEBI chief Madhabi Puri Buch and alleged that documents received from the whistleblower show that the SEBI chairman had a stake in the offshore entities used in the Adani money siphoning scandal. The report claimed that Madhabi Buch and her husband Dhawal Buch opened their account with IPE Plus Fund 1 in Singapore on June 5, 2015. The couple’s total investment in it is estimated at $10 million. The report said that the offshore Mauritius fund was set up by a director of the Adani Group through India Infoline and is registered in tax haven Mauritius.
Source (PTI) (NDTV) (HINDUSTANTIMES)