In a brand new twist to the continuing Adani case, US-based short-seller Hindenburg Analysis has made critical allegations in opposition to SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch.
Hindenburg’s newest report alleges that the Buchs had stakes in obscure offshore funds linked to the Adani Group’s alleged cash siphoning actions. The report particulars their investments in a posh offshore fund construction and suggests connections to the Wirecard scandal.
Moreover, it claims that Dhaval Buch took sole management of their joint investments shortly earlier than Madhabi Buch’s appointment as SEBI chairperson in 2022, probably to keep away from scrutiny.
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