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Parami News > Blog > Most Recent Stories > ‘Unfortunately…’: Sebi chief Madhabi Buch gives detailed rebuttal to Hindenburg report | Parami News
Most Recent Stories

‘Unfortunately…’: Sebi chief Madhabi Buch gives detailed rebuttal to Hindenburg report | Parami News

Atulya Shivam Pandey
Last updated: August 11, 2024 5:34 pm
Atulya Shivam Pandey
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4 Min Read
‘Unfortunately…’: Sebi chief Madhabi Buch gives detailed rebuttal to Hindenburg report

 | Parami News
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New Delhi: Sebi Chairman Madabi Buch and her husband dawar bookSunday, issued a statement accusation Depend on Headquartered in the United States Hindenburg studies.
The couple clarified that their invest The fund Hindenburg mentioned was set up in 2015 when they were private citizens living in Singapore, before Madhabi was appointed as a full-time member of Sebi.
Madhabi and Dhaval also explained that investment decisions were influenced by their association with chief investment officer Anil Ahuja, Dhaval’s childhood friend who has had a distinguished career in investments at companies including Citibank, JPMorgan Chase and 3i Group plc career.
Ahuja said the statement confirmed that the fund did not invest in any Adani Group bonds, stocks or derivatives.
The couple also spoke about the fact that the Hindenburg has been serviced Show reason notification in India for various violations. They expressed disappointment that Hindenburg chose to attack Sebi’s credibility and try to cast aspersions on the character of its chairman instead of responding to the notice.
“Hindenburg was served a show-cause notice for various violations that occurred in India. Unfortunately, instead of replying to the show-cause notice, they chose to attack the credibility of SEBI and tried to characterize the SEBI Chairman Defamation. Read the statement.
Hindenburg Research on Saturday made serious allegations against Sebi Chairman Madhabi Buch and her husband Dhaval Buch, accusing them of conflicts of interest and questionable financial transactions involving offshore entities.

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