What did SEBI Chairperson, Congress and Trinamool Congress say on Hindenburg's new report?

Hindenburg released a new report, made a big claim about SEBI Chairperson

Sunday, August 11, 2024

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'.

SEBI Chairperson Madhabi Puri Buch and her husband Dhawal Buch have issued a statement regarding the report released by Hindenburg.

According to news agency PTI, Madhabi Buch and her husband have said, "We want to state that we deny the baseless allegations leveled against us.''

They have said that 'our life and our financial accounts are like an open book and all the necessary information has been given to SEBI in the last few years.'

Madhabi Puri Buch and her husband have said that "we have no hesitation in disclosing any further financial documents, including those from the time when we were ordinary citizens."

They have said that in order to ensure complete transparency in the matter, we will issue a full statement at the appropriate time.

He has said that "SEBI had taken enforcement action against Hindenburg Research and issued a show cause notice. In response to that, Hindenburg Research has tried to tarnish the name.''

What did Congress say on Hindenburg's report against SEBI chief?

Sunday, August 11, 2024

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'.

Congress has issued a statement regarding the new report released by Hindenburg Research. Congress leader Jairam Ramesh has tweeted the statement.

The statement issued by the Congress said that Hindenburg's new disclosures have revealed that SEBI chairperson Madhabi Puri Buch and her husband had invested in the same Bermuda and Mauritius-based offshore funds in which Gautam Adani's brother Vinod Adani and His associates Chang Chung-ling, Nasser Ali and Shahban Ali had invested.

The statement said that these funds were earned from over-invoicing of electrical equipment. It is believed that these funds were used to acquire large stakes in Adani Group companies in violation of SEBI rules.

Congress leader Jairam Ramesh wrote on X, "This raises questions about Gautam Adani's two meetings with Madhabi Puri Buch in 2022, soon after becoming SEBI chairperson. Recall that SEBI was investigating Adani transactions at that time.''

The statement said that the government should end the conflict of interest related to the investigation of Gautam Adani case being conducted by SEBI.

The statement said that the truth is that the collusion of the highest officials of the country can be detected only by forming a JPC for a full investigation of the 'Adani Mega Scam'.

What did Trinamool Congress and Mahua Moitra say on Hindenburg's report against SEBI Chief?

Sunday, 11 August 2024

The American organization Hindenburg Research has released a report and surrounded the chairperson of the capital market regulator SEBI in India.

A round of rhetoric has started in Indian politics since the release of Hindenburg's report.

On the report issued by Hindenburg against the SEBI chairperson, TMC leader Mahua Moitra has questioned the credibility of SEBI by posting on social media.

Mahua Moitra has written that 'SEBI chairperson being an investor in the Adani Group is both a conflict for SEBI and an occupation of SEBI. Samadhi Cyril Shroff is in the Corporate Governance Committee. It is no surprise that all the complaints sent to SEBI go unheard.'

Mahua Moitra has written in another tweet that any investigation being conducted by SEBI on Adani under the leadership of this chairperson cannot be trusted. After this information is made public, the Supreme Court should reconsider its decision.

Mahua has said that even the chairperson of SEBI is an investor in Adani's group. Tagging the CBI and ED, she has written whether you people will file POCA and PMLA cases or not.

The Trinamool Congress has demanded the resignation of SEBI chief Madhabi Buch.

The TMC spokesperson said, "In view of the pending investigation under the supervision of the Supreme Court, the SEBI chairman should be suspended immediately and a lookout notice should be issued at all airports and Interpol to prevent her and her husband from leaving the country."

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