- Hindenburg questions Buch’s investment in a fund linked to Vinod Adani and managed by a childhood friend.
- Concerns raised about potential conflicts of interest due to Buch’s role in SEBI’s Adani Group investigations.
- Buch’s consulting companies generated substantial revenue during her SEBI tenure, raising transparency issues.
Hindenburg Research has escalated its criticism of SEBI Chairperson Madhabi Puri Buch, focusing on her investments and business affiliations.
The firm claims Buch’s investment in a Bermuda/Mauritius fund, allegedly linked to funds siphoned by Vinod Adani, might indicate a conflict of interest.
Hindenburg Questions SEBI Chairperson’s Financial Ties and Business Practices Amid Adani Investigation
Hindenburg also challenged Buch’s statements about her consulting companies, Agora Advisory Limited and Agora Partners Singapore. Despite her assertion that these became dormant after her SEBI appointment, the firms reportedly continued to operate and generate significant revenue during her tenure. The research firm raised concerns about possible undisclosed business activities and the use of personal email for business dealings.
The research firm also questioned Buch’s claims regarding the status of her consulting companies, Agora Advisory Limited and Agora Partners Singapore. Although Buch stated that these entities became dormant following her SEBI appointment, Hindenburg reported that her husband took over the businesses, with significant revenue generated during her tenure. This discrepancy has prompted concerns about Buch’s transparency and business practices.
Hindenburg’s report further implicated Buch in potential conflicts of interest by linking her investments with ongoing investigations into the Adani Group. The firm suggested that Buch’s financial connections might undermine SEBI’s impartiality in scrutinizing the Adani Group’s affairs.
These revelations have escalated the scrutiny on Buch, highlighting serious concerns about her financial dealings and their impact on SEBI’s credibility. The allegations underscore the need for further examination into Buch’s business relationships and their influence on regulatory oversight.
The escalating scrutiny on SEBI Chairperson Madhabi Puri Buch raises critical questions about her financial ties and regulatory role. As investigations continue, transparency and accountability will be key to maintaining trust in SEBI’s operations and ensuring fair oversight.
“Hindenburg questions SEBI Chairperson’s financial ties and business practices amid Adani investigation.”
