Hindenburg Research recently dropped another set of allegations in its new revelation. In this new tranche, the US-based short-selling company has accused the SEBI chairperson, Madhabi Puri Buch and her spouse of having vested interest in the Adani matter and even accused the two of having benefited from Adani’s offshore dealings.
NEW FROM US:
Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandalhttps://t.co/3ULOLxxhkU
— Hindenburg Research (@HindenburgRes) August 10, 2024
Many have reacted in the matter. Some have espoused Buch and backed her rectitude in the matter. Some have raised questions and demanded accountability.
If perception spreads that India’s capital markets are compromised, will affect billions in capital in flows and indirectly millions of future jobs. Rather than conspiracy theories on who’s out to get who, it’s vital to address the issues being raised in a professional manner.…
— Chetan Bhagat (@chetan_bhagat) August 11, 2024
Popular Indian author Chetan Bhagat, who is known for books like ‘Half Girlfriend’ and ‘2 States’, also weighed in. Taking to his official X account, Bhagat struck a concerned note and said, “If perception spreads India’s capital markets are compromised.”
He also claimed that this lack of faith in the system could have negative consequences and would affect billions in capital inflows, marring millions of future jobs.
Bhagat went on to say that conspiracy theories in the matter will not aid anyone involved and there needs to be a professional assessment of the situation at hand.
In addition, he also said, that not doing so would bring about disservice to India.
Some users, responding to his post, echoed his sentiment. One user agreed with Bhagat and said, “Problem is their counter to it is Nationalism, they calling it a foreign conspiracy etc, which people don’t care when the allegations are serious & some evidence available”.
Statement from @SEBI_India Chief Madhabi Puri Buch
“In the context of allegations made in the Hindenburg Report dated August 10,2024 against us, we would like to state that we strongly deny the baseless allegations and insinuations made in the report. The same are devoid of any… https://t.co/c4ICQ4F7M8
— Shereen Bhan (@ShereenBhan) August 10, 2024
Madhabi Puri Buch issued a statement in her defence in the matter. She blanketly rebutted the claims and said her finances are an open book. She even accused Hindenburg of indulging in character assassination.
