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A report has come about market regulator SEBI chief Madhabi Puri Buch. SEBI chief has also responded to Hindenburg’s allegations. From the answer given by Buch, it is clear that she is accepting the allegations to some extent. Investment in Bermuda has also been confirmed.
American short seller firm Hindenburg has released its report on Saturday, which has again created a stir in the country. The report that made many allegations against Adani last year has this time made many serious allegations against the SEBI chief. The report has come about market regulator SEBI chief Madhabi Puri Buch. SEBI chief has also responded to this allegation of Hindenburg. Buch. It is clear from the answer given that she is accepting the allegations to some extent. Investment in Bermuda has also been confirmed.
SEBI also gave a statement
After the report came, SEBI had issued a statement that we have no problem with the financial documents. In its first comment, SEBI said on Sunday that it has duly investigated all the allegations against the Adani Group. The Securities and Exchange Board of India (SEBI) said in a statement that its chairperson Madhavi Puri Buch has given relevant information from time to time and distanced herself from matters related to potential conflict of interest. The regulator said that it has duly investigated the allegations made by Hindenburg against Adani. Out of its 26 aspects, only one aspect remains to be investigated and that too is about to be completed. The regulator said it has issued over 100 summons, nearly 1,100 letters and emails seeking information as part of its probe. Over 300 documents amounting to nearly 12,000 pages have been examined.
SEBI chief rejected the claims
On the other hand, the SEBI chief and her husband have issued a joint statement rejecting the allegations of Hindenburg and calling it completely baseless. The Buch couple said, “The allegations made in the report are completely baseless and unfounded. There is not an iota of truth in them. Our life and financial situation are like an open book. All the necessary disclosures have already been given to SEBI over the years. We have no hesitation in disclosing any financial document.” Buch said, “It is unfortunate that in response to the enforcement action taken by SEBI and a show cause notice issued by Hindenburg Research, an attempt has been made to corner and defame us.”
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