Hindenburg alleges India market regulator chief held stake in offshore funds used by Adani Group

Hindenburg Research alleges that SEBI Chairperson Madhabi Puri Buch and her husband previously held investments in offshore funds also used by Adani Group associates. Buch denies these claims. The report suggests links between these funds and Adani Group share trading. This follows Hindenburg’s earlier allegations against Adani Group, which led to a significant stock selloff and ongoing SEBI investigation. Buch and her husband state their finances are transparent and all required disclosures have been made to SEBI. Reuters