What did Adani Group, Pawan Khera, Madhabi Puri and Subramanian Swamy say on Hindenburg's new report?

What did Adani Group say on Hindenburg's new report?

Sunday, August 11, 2024

In a report, American research firm Hindenburg has accused SEBI Chairperson Madhabi Puri Buch of financial irregularities. The report raises questions on the business activities of Madhabi Puri Buch and her husband Dhawal Buch.

Adani Group has issued a statement on this report of Hindenburg.

Adani Group has said in the statement that the latest allegation made by Hindenburg has selected publicly available information in a malicious and mischievous manner. So that a predetermined conclusion can be reached for personal gain. This is a complete violation of facts and laws.

The statement said, "We completely reject the allegations leveled against the Adani Group. This allegation is a re-cycling of baseless claims that have been fully investigated. These allegations have already been dismissed by the Supreme Court in January 2024.''

Hindenburg's latest report: Congress leader Pawan Khera demands a joint parliamentary committee to investigate the matter thoroughly

Sunday, August 11, 2024

After Hindenburg's latest report, Congress leader Pawan Khera has demanded a joint parliamentary committee to investigate the matter thoroughly.

Late in the evening of Saturday, August 10, 2024, Hindenburg released a report accusing SEBI chief Madhabi Puri Buch and her husband, after which Pawan Khera said that 'milk has come out on its own'.

Pawan Khera said, "Hindenburg itself released another report in which all the deeds of SEBI chief Madhabi Puri Buch and her husband Dhawal Buch came to light. Their investment in the offshore company came to light."

Pawan Khera alleged, "This is the company in which Gautam Adani's brother Vinod Adani also has an investment. So when everything is out in the open, the question arises that when Madhabi Puri Buch was made the head of SEBI, did the Government of India not know this?''

Taking a direct dig at the Prime Minister of India Modi in this whole matter, Pawan Khera said, "If the government was not aware of the matter, then it is a big failure and mistake. If it was aware, then the Prime Minister himself is a part of this conspiracy. That is why what Rahul Gandhi had said at that time Chowkidar... that has been proved.''

Congress leader Pawan Khera has demanded the formation of a joint parliamentary committee to investigate this whole matter.

What new statement did Madhabi Puri and her husband give on Hindenburg's claims?

Sunday, 11 August 2024

American organization Hindenburg Research claimed in a report that SEBI Chairperson Madhabi Puri Buch and her husband Dhawal Buch have had a stake in the offshore funds used in the 'Adani Money Siphoning Scam'.

On this claim of Hindenburg, SEBI chief Madhabi Puri Buch and her husband Dhaval Buch have issued another statement.

According to the statement of Madhabi Puri Buch and her husband Dhaval Buch, "The investment in the fund mentioned in the Hindenburg report was made in 2015, Madhabi and Dhaval were living in Singapore. This investment is two years before Madhabi became a member of SEBI."

According to the statement, "The decision to invest in this fund was taken because the Chief Investment Officer of the fund, Anil Ahuja, is a childhood friend of Dhaval and both of them know each other since school and IIT Delhi days. When Ahuja left that fund house in 2018, we also redeemed our investment.''

The statement said that Ahuja had confirmed that at no time the fund house had invested in any bonds, equities or derivatives of any Adani Group company.

BJP leader Subramanian Swamy demands removal of SEBI chief Madhabi Puri Buch

Sunday, August 11, 2024

BJP leader Subramanian Swamy has demanded the removal of SEBI chief Madhabi Puri Buch.

Subramanian Swamy has expressed his reaction on the latest report of Hindenburg and the entire matter of allegations leveled against SEBI Chief Madhabi Puri Buch.

In a post on social media X, BJP leader Subramanian Swamy said, "The case of conflict of interest against the SEBI chairman has come up for the second time. To save India's image among global investors, he should be replaced by an honest person."

"One of my PILs is listed in the first bench of the Chief Justice of Delhi High Court on Monday, 12 August 2024. I have already filed an affidavit regarding conflict of interest."

American organization Hindenburg Research has claimed in a report that the SEBI chairperson and her husband have had a stake in the offshore funds used in the 'Adani money siphoning scam'.

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