Hindenburg alleges SEBI Chairperson Madhabi Puri Buch with Conflict of Interest with Adani & More

Hindenburg is back! It's back with another mind-boggling news that has shocked the stock market community of India. This time their report talks about our very own Chairperson, Ms. Madhabi Puri Buch.

It talks about Conflict of Interest, at multiple levels, with her at the centre.

The Hindenburg report starts with her linkage to the investments in the funds that allegedly were used to siphon Adani money into the Indian Equity market. And this linkage is not just with the chairperson but her husband i.e. Dhaval Buch.

The report takes this context forward where it alleges that the major reason SEBI failed to take the Adani investigation any further, even after an intervention by the Supreme Court, is due to the conflict of Interest the chairperson had with her investments in the same funds that she was supposed to investigate.

Furthermore, the Hindenburg report goes to the past of Madhabi Puri Buch where she was a 100% stakeholder/director in one of her companies in Singapore.

The report brings another conflict of interest where it says the chairperson was leading the chair of SEBI and was also running her business role for a short duration.

And then, the report talks about how her husband Mr. Dhaval Buch, with no experience in Investing across capital markets, real estate or any other financial instrument was handed the role of a Senior Advisor in a huge investment company such as Blackrock.

In parallel, the SEBI Chairperson was allegedly talking about REITs in press conferences and media. In fact, she was seen urging people to look at this investment product as a very positive one for the future.

Interestingly, as per the Hindenburg  report, the same company where her husband was employed i.e. Blackrock was launching REITs in India via IPOs. Infact, that is what it was doing as a business.

There are multiple other allegations levied in this report and we have covered to the lengths, as much as we could, in this video.

Whole Research by Hindenburg: https://hindenburgresearch.com/sebi-chairperson/

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