“Our life and funds are an open e-book”; SEBI chief Madhabi Buch rejects Hindenburg allegations

SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch termed the allegations made by Hindenburg Analysis as baseless and denied the “insinuations made within the report. “

• Learn: Adani-Hindenburg row: Supreme Courtroom directs SEBI to probe if Hindenburg report violated regulation, prompted hurt to buyers

“Within the context of allegations made within the Hindenburg Report dated August 10,2024 in opposition to us, we wish to state that we strongly deny the baseless allegations and insinuations made within the report. The identical are devoid of any fact. Our life and funds are an open e-book. All disclosures as required have already been furnished to SEBI over time,” they stated in a joint assertion.

• Learn: SC rejects plea to evaluation its January verdict upholding SEBI probe into Adani-Hindenburg case 

“Now we have no hesitation in disclosing any and all monetary paperwork, together with those who relate to the interval once we had been strictly non-public residents, to any and each authority that will search them. Additional, within the curiosity of full transparency, we might be issuing an in depth assertion sooner or later,” the assertion stated.

They stated that it’s unlucky that Hindenburg Analysis, in opposition to whom SEBI has taken enforcement motion and issued a present trigger discover, has chosen to aim character assassination in response to the identical.

• Learn: Adani-Hindenburg case: Timeline of occasions

The assertion is available in response to a brand new report by Hindenburg, which launched a direct assault on Madhabi Puri Buch, Chairperson of the Securities Trade Board of India. The report alleges that she and her husband held stakes in offshore funds linked to entities concerned within the alleged Adani money siphoning scandal.

• Learn:Adani vs Hindenburg: A short story of quick sellers