SEBI Chief Rejects Hindenburg's Allegations Over Adani Scandal Links

SEBI Chairperson Madhabi Buch and her husband have denied allegations by Hindenburg Research linking them to offshore entities involved in the Adani money siphoning scandal. The couple accused Hindenburg of character assassination and pledged full transparency, with a detailed statement expected later.

SEBI Chairperson Madhabi Buch and her husband have categorically denied allegations made by Hindenburg Research, which claimed they had stakes in offshore entities tied to the Adani money siphoning scandal.

The Buchs accused Hindenburg of character assassination and noted that SEBI has previously taken enforcement action against the research firm. They issued a joint public statement strongly rejecting the claims and vowed full transparency, asserting that their financial records are open for scrutiny.

The Hindenburg report, based on documents from a whistleblower, alleged that the Buchs had investments in the same offshore funds used by Adani. The Buchs have promised a detailed rebuttal to be released soon.