Reported 2 months ago
Hindenburg Research has accused Madhabi Puri Buch, the chairperson of India's market regulator, of holding investments in offshore funds associated with the Adani Group. Buch denied the allegations, labeling them as baseless. Hindenburg's report links her past investments to funds trading shares of Adani firms, intensifying scrutiny on both Buch and the Adani Group amid ongoing investigations into stock manipulation and tax haven practices. Buch and her husband stated that their financial dealings are transparent and have been disclosed to the regulatory authority.
Source: YAHOO