Madhubi Puri Buch: The mutual fund industry has also come out in support of SEBI Chairperson Madhabi Puri Buch, who has become the target of Hindenburg Research’s latest attack. The industry’s premier body AMFI said on Sunday that Hindenburg has released this report to create sensation and hurt India’s financial system. SEBI has done a great job in the last few years to advance not only the stock market but also the mutual fund industry.
It is very important to investigate the Hindenburg Report properly- AMFI
On the other hand, on the allegations of Hindenburg Research, SEBI has said that Chairperson Madhavi Puri Buch has made relevant disclosures from time to time. She had already distanced herself from matters related to potential conflict of interest. Amfi said that Hindenburg has made a report by linking together some different incidents that happened in the past. If this report is not investigated properly, it can harm the world’s fastest growing economy. Our country has achieved these achievements with hard work in the last few years. But a report like Hindenburg is going to hinder us from becoming a developed country.
Domestic and foreign investors should keep faith in India
In its statement, AMFI said that domestic and foreign investors should keep their trust in India. India’s financial system is not only safe but also transparent. SEBI has taken all necessary steps to protect the interests of investors. Under the leadership of SEBI Chief, India has taken many decisions to strengthen investors. This is the reason why the mutual fund industry is creating new records of success. Small investors are joining us by trusting us.
Madhabi Puri Buch had also issued clarification on the allegations
Earlier, SEBI chairperson Madhabi Puri Buch had said on Sunday that show cause notices were sent to Hindenburg several times from our side. But, instead of responding, they have raised questions on the credibility of a prestigious institution like SEBI. It is very sad that SEBI’s credibility is being attacked and its character is being maligned. Hindenburg had issued a report late Saturday night citing the so-called document and made several serious allegations against Madhabi Puri Buch and her husband Dhaval Buch.
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