Adani-Hindenburg Saga

Hindenburg Report Intensifies Calls For Sebi To Conclude Adani Investigation As Supreme Court Petition Challenges Delay

Advocate Vishal Tiwari, a key figure in the original case against Adani, filed the petition following the registry's refusal to list an application seeking a status update on SEBI's probe.

Aug 13, 2024, 17:19 PM IST

Hindenburg-Sebi Chief Saga: Ex FinMin Secretary Says There Should Be Judicial Probe Into Conflict Of Interest Allegations

Former finance ministry secretary EAS Sarma has also suggested for an independent judicial commission, whose head should be nominated by the Chief Justice of India, to conduct the probe in a time-bound manner and submit the report to parliament.

Aug 13, 2024, 15:27 PM IST

Hindenburg Saga: What Is Conflict Of Interest? What Is Sebi's Code For Its Board Members Including Its Chief --Explained

Cases where Conflict Of Interest may persist, the person or entity involved is usually asked to step aside or legally required to recuse themselves.

Aug 13, 2024, 10:21 AM IST

Hindenburg's Conflict Of Interest Allegations Against Sebi Chief A Bit Too Stretched: Senior Lawyer Argues

Questions have been raised on whether Sebi Chief Madhabi Puri Buch should have recused herself from cases where she or her husband had a direct or indirect stake? Senior Advocate and Former Advocate General of Sikkim Vivek Kohli explains.

Aug 13, 2024, 00:04 AM IST

Stock Market Closes Flat: Adani Stocks Rebound After Initial Dip, Hindenburg Report Fails To Deter Sentiment

The Indian Rupee is expected to face slight weakening pressures due to a strengthening US Dollar and rising global crude oil prices.  

Aug 12, 2024, 16:41 PM IST

Hindenburg-Adani Saga: Issue May Reach Supreme Court Again; Petitioner Will Reapproach Top Court

Speaking to Zee Business on Sunday, a day after the release of the latest Hindenburg report, Tiwari said, “We will move to Supreme Court so that measures are ensured for our robust stock market.”

Aug 12, 2024, 16:08 PM IST

Hindenburg-Sebi Saga: Economist Daniel Geltrude Says Allegations Can Destroy Investor Confidence, Buch Should Step Down

Meanwhile, Madhabi Puri Buch and her husband Dhaval Buch released a second, more detailed statement on Sunday, categorically denying the charges levelled by the US short seller, and sharing a host of specific details including their career history, education and certain investments. 

Aug 12, 2024, 15:04 PM IST

Hindenburg Report: Did Sebi Chief Make Necessary Disclosures? Arguments, Counter-Arguments Follow

A former Sebi board member has told the Indian Express newspaper that there had been an instance in the past when the chairperson recused himself over what could be seen as conflict of interest. Questions are now being asked if Sebi chief Madhabi Puri Buch failed to disclose her links to Adani Enterprises. 

Aug 12, 2024, 14:35 PM IST

All 10 Adani Group Stocks Tumble; Adani Energy Slumps 17%

Adani Energy Solutions nosedived 17 per cent, Adani Total Gas tanked 13.39 per cent, NDTV plunged 11 per cent and Adani Power dropped 10.94 per cent on the BSE.

Aug 12, 2024, 11:24 AM IST

Sensex Falls 375 Points In Early Trade; Adani Group stocks drop up to 7%

Stock markets did not post any knee-jerk reaction post the release of the latest Hindenburg report though Adani Group stocks dropped up to 7 percent. 

Aug 12, 2024, 09:55 AM IST

Hindenburg Launches Fresh Attack On Sebi Chief, Asks Her To Reveal Client Lists

In a series of tweets, Hindenburg alleged that Madhabi Buch remained personally invested in the same funds by the sponsor she was tasked with investing, is a 'massive conflict of interest'.

Aug 12, 2024, 09:41 AM IST

Hindenburg Allegations Against Sebi Chief: Will Investors Brace For A Sell-off? All Eyes On Market Today

Securities and Exchange Board of India (Sebi), has issued a statement for investors, asking them to be calm.

Aug 12, 2024, 08:53 AM IST

'Umpire Of Stock Market Compromised...': Rahul's Cricket Analogy On Hindenburg Allegations On SEBI Chief

Leader of Opposition Rahul Gandhi's comments come in the wake of the Hindenburg report, which alleged that SEBI head Madhabi Buch had stakes in obscure offshore funds used in the Adani scandal.

Aug 11, 2024, 20:42 PM IST

Hindenburg's Allegations: Sebi Issues Statement For Investors, Check What The Market Regulator Said

Sebi has said that it has taken note of the report published by Hindenburg Research on August 10, 2024, adding that the US based short seller's report warrants an 'appropriate response'.

Aug 11, 2024, 20:16 PM IST

Hindenburg Research Alleges Sebi Chief, Husband's Connection In Offshore Funds Linked To Adani --Check Direct Link Of The Research Report

The Hindenburg latest report, citing Whistleblower Documents, said that it showed “Madhabi Buch, The Current Chairperson of SEBI, And Her Husband Had Stakes In Both Obscure Offshore Funds Used In The Adani Money Siphoning Scandal.”

Aug 11, 2024, 19:18 PM IST

Hindenburg Attacking Sebi's Credibility, Attempting Character Assassination Of Its Chief: Buchs

In the fresh statement, the Buchs said their investment in a fund promoted by IIFL Wealth Management was as Singapore-based private citizens and made two years before Madhabi joined Sebi as a whole-time member in 2017. 

Aug 11, 2024, 18:53 PM IST

"Instead Of Responding To SEBI, Hindenburg Attacked SEBI Chair; Allegations Are Rubbish," Says SC Advocate Mahesh Jethmalani

SEBI had issued a notice to Hindenburg seeking information regarding the circumstances of the Adani short sale as it was entitled to.

Aug 11, 2024, 18:52 PM IST

SEBI Chairperson Not involved In fund’s operations: 360 One WAM

At its peak, the fund managed assets worth approximately Rs 4.8 crore, with over 90 per cent of its investments allocated to bonds.

Aug 11, 2024, 18:19 PM IST

On Hindenburg's Allegations, Sebi Chief Madhabi Puri Buch Gives Point-By-Point Rebuttal --Read Full Text

In the context of allegations made by Hindenburg on 10th August 2024, Sebi Chief Madhabi Puri Buch and her husband Dhaval Buch have issued a detailed statement as below.

Aug 11, 2024, 18:14 PM IST

Hindenberg Report: Who Is Madhabi Puri Buch? The SEBI Chief Allegedly Involved In 'Adani Money Siphoning Scandal'

SEBI Chief Madhabi Puri Buch served as an executive director at ICICI Bank for 12 years and was the Managing Director and CEO of ICICI Securities from February 2009 to May 2011.  

Aug 11, 2024, 17:44 PM IST