Hindenburg Research Report News LIVE: Congress demands SEBI conflict review; Madhabi Puri Buch, Dhaval Buch deny allegations
Hindenburg Research Report Updates LIVE: "No hesitation in disclosing any and all financial documents," Madhabi and Dhaval Buch said in the joint statement
Hindenburg Research Report News LIVE: Congress demands SEBI conflict review; Madhabi Puri Buch, Dhaval Buch deny allegations
Hindenburg Research Report Updates LIVE: US short-seller Hindenburg Research on August 10 released a new report alleging market watchdog Sebi chairperson Madhabi Buch. The report alleged that Madhabi and her husband Dhaval Buch were involved in Adani Group’s offshore funds. The report said that these obscure financial systems were allegedly used in the “money siphoning scandal.” While the Congress and the Trinamool and Shiv Sena (UBT) reacted strongly. In a statement, Congress leader Jairam Ramesh demanded a JPC and said that in light of the new allegations, there are fresh concerns around Madhabi Puri Buch’s 2022 meetings with Gautam Adani. However, at the centre of the storm, the SEBI chairperson and her husband issued a joint statement denying all charges. They said that it was an attempt of “character assassination.
Hindenburg Research Report News LIVE: Who is Dhaval Buch, Sebi chief Madhabi Buch’s husband?
Dhaval Buch is currently a senior advisor at Blackstone and Alvarez & Marsal, according to his LinkedIn profile. He also serves as a non-executive director on the Board of Gildan. Previously, he was the CEO of Bristlecone and Interim President of Group Technology at the Mahindra Group. His LinkedIn profile notes a three-decade career with Unilever, where his last role was Chief Procurement Officer, following his position managing Unilever’s Supply Chain for Asia and Africa, both based in Singapore.
Hindenburg Research Report News LIVE: Criminal lawyer challenges Hindenburg’s claims about SEBI Chairperson
Criminal lawyer Jai Anant Dehadrai has criticized Hindenburg Research’s latest report on social media, which claims that SEBI Chairperson Madhabi Buch and her husband were involved with offshore funds linked to foreign money flowing into the Adani Group. Hindenburg’s report, based on whistleblower documents, alleges that Buch and her husband held stakes in these “obscure offshore funds,” which were purportedly used to channel funds into the Adani Group
