Last Updated on 11/08/2024 by wccexam Desk
After the latest report of American short seller firm Hindenburg, the opposition is attacking the central government and businessman Gautam Adani. Leaders of other opposition parties including Congress have targeted the Modi government over this report. Meanwhile, Congress MP Shashi Tharoor said that the allegations against the SEBI chief and her husband are serious. I am not aware of the details. But such allegations should be thoroughly investigated.
Mahua Moitra also raised questions
Trinamool Congress MP Mahua Moitra said that SEBI Chairperson being an investor in Adani Group is both a conflict for SEBI and a takeover of SEBI. It is no surprise that all complaints sent to SEBI go unheard. Mahua Moitra wrote in another tweet that any investigation being conducted by SEBI on Adani under the leadership of this chairperson cannot be trusted. After this information is made public, the Supreme Court should reconsider its decision. Tagging the CBI and ED, she wrote whether you people will file POCA and PMLA cases or not.
What did Jairam Ramesh say?
Congress leader Jairam Ramesh wrote, ‘SEBI’s strange reluctance to investigate the Adani Mega Scam has been noticed for a long time. The truth is that the complicity of the highest officials of the country can be detected only by forming a JPC for a thorough investigation of the ‘Adani Mega Scam’.
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Pawan Khera made these allegations
At the same time, Congress MP Manish Tiwari said, ‘Some revelations have been made by Hindenburg Research, which should be investigated impartially. This matter should be properly investigated by the Joint Parliamentary Committee. At the same time, Pawan Khera said that these shocking revelations of the report not only expose the cordial relations between the SEBI chief and the Adani Group, but they also tell how appointments are made in monitoring institutions in this government.
Priyanka Chaturvedi also attacked
Shiv Sena (UBT) Priyanka Chaturvedi posted on X and wrote, “We now know why no reply was given to our letters and why they were not taken into consideration. Everybody is naked in the hamaam.”
This claim has been made in the report
On Saturday evening, Hindenburg Research posted another post on its website claiming this disclosure and shared a related report. In this report, Hindenburg has claimed a link between the Adani Group and the SEBI chief. Hindenburg Research has alleged that documents received from the whistleblower show that SEBI Chairman Madhabi Puri Buch had a stake in the offshore entities used in the Adani money siphoning scandal.
Also read: How is the Hindenburg Report prepared? After Adani, now SEBI chief is on its target… know the story of its owner Nathan Anderson
What did the SEBI chief say on the allegations
Completely rejecting all these allegations made by the American short seller, SEBI Chairperson Madhabi Puri Buch and her husband Dhawal Buch said in a statement issued early Sunday morning that the allegations made in the Hindenburg report of August 10 are baseless and there is no truth in them. Our life and finances are like an open book. Whatever disclosures we needed to make, all that information has been given to SEBI in the past years.
Madhabi Puri Buch further said that we have no hesitation in disclosing any financial document, including those documents which relate to the period when we were completely ordinary citizens. Any officer can ask for them. The SEBI chief further said in his statement that it is unfortunate that Hindenburg Research, against which SEBI has taken enforcement action and issued a show cause notice, has now tried to defame us in response to the same. He said that we will issue a detailed statement in due time with complete transparency.
What is special in Hindenburg’s report?
It is noteworthy that in a blogpost, 18 months after its research report on Adani Group Chairman Gautam Adani, Hindenburg has made not one but several serious allegations against the SEBI chief and her husband. Among these, the Hindenburg research report claims that SEBI Chairperson Madhabi Puri Buch and her husband Dhawal Buch took stakes in funds in Bermuda and Mauritius, which are tax haven countries, and these two funds were also used by Gautam Adani’s elder brother Vinod Adani.
Source (PTI) (NDTV) (HINDUSTANTIMES)