{"id":125544,"date":"2024-08-12T18:46:07","date_gmt":"2024-08-12T13:16:07","guid":{"rendered":"https:\/\/assamtimespost.in\/?p=125544"},"modified":"2024-08-12T18:46:07","modified_gmt":"2024-08-12T13:16:07","slug":"sebi-chiefs-response-sparks-controversy-hindenburg-raises-troubling-questions","status":"publish","type":"post","link":"https:\/\/assamtimespost.com\/?p=125544","title":{"rendered":"SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions"},"content":{"rendered":"

\"\"<\/p>\n

T<\/span>he ongoing clash between US-based short seller Hindenburg<\/a> Research and Madhabi Buch, Chairperson of India\u2019s market regulatory body SEBI, has intensified. Hindenburg\u2019s recent claims suggest that Buch\u2019s response includes admissions raising several new \u201ccritical questions.\u201d<\/span><\/h4>\n
\"SEBI<\/a>
SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions<\/figcaption><\/figure>\n

Hindenburg, in a post on social media platform X, asserted that Buch admitted to investing in a Bermuda\/Mauritius fund structure linked to allegedly misappropriated funds by Vinod Adani. The fund, according to Hindenburg, was managed by a childhood friend of Buch\u2019s husband, who was an Adani director at the time.<\/span><\/p>\n

Buch has categorically denied these allegations, labeling them as \u2018baseless and insinuative.\u2019 She emphasized that her financial life is transparent, with all required disclosures made to SEBI. \u201cWe have no hesitation in disclosing any and all financial documents,\u201d Buch stated, adding that a detailed statement would be issued soon. She accused Hindenburg of character assassination in retaliation for enforcement actions taken against the firm by SEBI.<\/span><\/p>\n

Hindenburg further accused SEBI of a conflict of interest, as the regulator was investigating funds linked to Adani, which allegedly included those Buch was personally involved in. SEBI, in response, urged investors to remain calm and exercise due diligence.<\/span><\/p>\n

The Adani Group also responded, dismissing Hindenburg\u2019s allegations as malicious and manipulative, reiterating that similar claims had been rejected by the Supreme Court in March 2023.<\/span><\/p>\n

Hindenburg\u2019s response additionally scrutinized Buch\u2019s financial disclosures, alleging discrepancies regarding her ownership of consulting firms in India and Singapore.<\/span><\/p>\n

Amid the controversy, the opposition party Congress has called for a Joint Parliamentary Committee (JPC) to investigate the matter and demanded Buch\u2019s resignation pending investigations.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The ongoing clash between US-based short seller Hindenburg Research and Madhabi Buch, Chairperson of India\u2019s market regulatory body SEBI, has intensified. Hindenburg\u2019s recent claims suggest that Buch\u2019s response includes admissions raising several new \u201ccritical questions.\u201d Hindenburg, in a post on social media platform X, asserted that Buch admitted to investing in a Bermuda\/Mauritius fund structure […]<\/p>\n","protected":false},"author":1,"featured_media":125545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"1","number_popup_post":"2","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-715","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[35],"tags":[28512,28523,28520,28506,28513,28507,28511,28532,28518,16069,28519,28529,28528,28505,26440,28527,28517,28504,28500,28514,28503,28522,28530,28531,28501,28524,28525,28508,28510,28502,28516,28521,28526,28515,28499,28509],"class_list":["post-125544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-east","tag-adani-director","tag-adani-group-response","tag-adani-linked-funds","tag-admissions","tag-baseless-allegations","tag-bermuda-fund","tag-buchs-husband","tag-buchs-resignation","tag-character-assassination","tag-clash","tag-conflict-of-interest","tag-congress-demand","tag-consulting-firms-ownership","tag-critical-questions","tag-enforcement-actions","tag-financial-disclosures-scrutiny","tag-financial-documents","tag-hindenburg-claims","tag-hindenburg-research","tag-insinuative","tag-intensified","tag-investor-due-diligence","tag-joint-parliamentary-committee","tag-jpc-investigation","tag-madhabi-buch","tag-malicious-allegations","tag-manipulative-claims","tag-mauritius-fund","tag-misappropriated-funds","tag-sebi-chairperson","tag-sebi-disclosures","tag-sebi-investigation","tag-supreme-court-rejection","tag-transparent-financial-life","tag-us-based-short-seller","tag-vinod-adani"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts\/125544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125544"}],"version-history":[{"count":0,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts\/125544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/media\/125545"}],"wp:attachment":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}