Following SEBI Chairperson Madhabi Buch's response to the Hindenburg report, the US short seller made fresh allegations of a "Conflict of Interest," stating that SEBI Chief's response raises numerous new critical questions.
The United States accounts for the highest share of Foreign Portfolio Investors (FPIs) investing in India during the fiscal year 2023-24, highlights a report by the Securities and Exchange Board of India. (SEBI)
Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh on Sunday criticized SEBI's investigation into the Adani Group, calling it "baseless and irrelevant," and urged the Supreme Court to take action.
As the Adani-Hindenburg saga was about to end with SEBI investigating the 24th and final case, US short seller Hindenburg has published fresh allegations against the market regulator's chairperson Madhabi Puri Buch and her husband Dhaval Buch of investing in an offshore fund linked with A
The Congress leader also asked, "If investors lose their hard-earned money, who will be held accountable--PM Modi, the SEBI Chairperson, or Gautam Adani?"
Congress leader Supriya Shrinate on Sunday claimed that the lack of transparency and accountability has led to a "biggest criminal conspiracy" and has "exposed and destroyed the integrity" of the SEBI Chief.
Talking exclusively with ANI, Jethmalani said a band of conspirators had got together, circulating information to do conspiracy, with deep ramifications to damage the stock market of India.
The Securities and Exchange Board of India (SEBI) has urged investors to remain calm and conduct thorough research before reacting to the Hindenburg Research report.
The allegations of the US Short seller Hindenburg against SEBI Chairperson Madhabi Buch and her husband have drawn sharp political reactions from the opposition parties with the opposition demanding a Joint Parliamentary Committee (JPC) on the issue.
On the Hindenburg report with allegations on SEBI Chief and her husband, BJP leader and former Union Minister Rajeev Chandrasekhar on Sunday trashed the Hindenburg report and said that nothing in the report is credible.
Hindenburg Research's motive is to destabilize India's stock markets, asserted senior lawyer and BJP leader Mahesh Jethmalani, as he termed the US-based short seller report as "damp squib" -- a situation or event which is much less impressive than expected.