Hindenburg Research on SEBI: In the latest case of the Hindenburg Research Report, the short seller firm has said that the SEBI chief has accepted the allegations made in our latest report to some extent. The Hindenburg Research Report claimed sensational revelations on SEBI chief Madhabi Puri Buch on Saturday night, alleging that she and her husband have a connection with the Adani scandal. It is directly written in the report that SEBI did not express its intention to take action on the Adani Group report because the SEBI chief had investments in Adani related entities.
Hindenburg’s latest ex-post from the night of August 11
Hindenburg has attached the statement of SEBI chief Madhabi Puri Buch and her husband Dhaval Buch with the social media post and said that…
“SEBI chief Madhabi Puri Buch and her husband Dhaval Buch issued a statement on August 10, 2024 regarding the allegations leveled against them by Hindenburg. According to this, the fund mentioned in the Hindenburg report was invested in the year 2015 when both of them were private citizens living in Singapore. This investment is almost 2 years before Madhabi joined SEBI, even as a full-time member.
The decision to invest in this fund was taken because Chief Investment Officer Anil Ahuja is Dhawal’s childhood friend from school and IIT Delhi. Also, being a former employee of Citibank, JP Morgan and 3i Group PLC, he has a strong investment career spanning several decades which Anil Ahuja has also confirmed. At no point of time did the fund invest in bonds, equities or derivatives of any Adani Group company…”
SEBI Chairperson Madhabi Buch’s response to our report includes several important admissions and raises numerous new critical questions.
(1/x) https://t.co/Usk0V6e90K
— Hindenburg Research (@HindenburgRes) August 11, 2024
What is the whole matter – know from the beginning
On Saturday morning, Hindenburg Research Report wrote in its X post – Something Big Soon India… These four words were posted on X and with this, they were successful in their attempt to create a stir in the Indian financial world. From social media to the financial market, the discussion became heated about who would be Hindenburg’s next victim because one and a half years ago in January 2023, Hindenburg had caused a stir in the domestic stock market by releasing its report on the Adani Group and after this, the shares of the Adani Group kept falling for several months.
On January 24, 2023, Hindenburg attacked Gautam Adani
Everyone knows the result of the report that Hindenburg had released against the Adani Group one and a half years ago. Due to the report of Hindenburg Research, the shares of Adani Group fell by up to 83 percent and the group market cap decreased by more than 80 billion dollars. After investigation, the stock market regulator SEBI considered the Adani Group free of charges and even in the Supreme Court, the Hindenburg report was not considered completely correct.
Read this also
Hindenburg Research: The first trading day after Hindenburg’s new report, everyone’s eyes on whether the stock market will fall
