The Congress swipe was made on Saturday following the publication of a new report by US short-seller Hindenburg Research, which levelled allegations against the chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, and her husband.
"We had previously noted Adani's total confidence in continuing to operate without the risk of serious regulatory intervention, suggesting that this may be explained through Adani's relationship with SEBI Chairperson, Madhabi Buch," the new report by the US short seller stated
US-based firm Hindenburg Research on Saturday posted a cryptic message hinting at a possible new India-centric report, over a year after it published allegations against the Adani group of companies of insider trading and other violations in the stock market.
Senior lawyer and BJP leader Mahesh Jethmalani has called on the government to probe the links of political voices, who sought to target the Adani group after the Hindenburg report, with China.
Jethmalani in his social media post on "X" alleged that "spy" Anla Cheng and her husband Mark Kingdon hired Hindenburg Research to prepare a report on Adani group companies. The senior lawyer further said that they used Kotak Mahindra Investments Limited (KMIL) to set up a trading account
Subramanian further stated that SEBI as a regulator of Indian markets has a right to ask questions to any market participants, and Hindenburg's reaction against the Indian market regulator is uncalled for.
Talking about the Hindenburg charges Gautam Adani said "We were faced with baseless accusations made by a foreign short seller, that questioned our decades of hard work. In the face of an unprecedented attack on our integrity and reputation, we fought back and proved that no challenge cou
Addressing the Annual General Meeting of Adani Enterprises on Monday, Chairman Adani Group, Gautam Adani said that despite a challenging year Adani Group of companies have performed exceptionally well.
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
According to a Bloomberg report, market regulator SEBI has asked many global funds, who have invested in Adani Group stocks, to defend themselves against allegations of improper disclosures and market manipulations
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