Hindenburg's New Sensation: What Adani Group Has To Say?

Hindenburg Research firm is back with another sensation as far as India is concerned. This time it made big allegations against the Sebi Chairperson. In its new revelation, the firm said that (Sebi) Chairperson Madhabi Puri Buch owns stakes in the offshore entities in the Adani Row.

What Hindenburg said is nothing short of any big row. SEBI is a regulatory body that controls the securities market. And the Chairperson of the body is accused of having stakes. Madhabi Puri said that she is not involved in this.

Adding more sensation to the issue the Adani group was also linked to this. Hindenburg alleged that as per the whistleblowers, the Sebi Chairperson had stakes. “NEW FROM US:Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal,” the firm said.

Now the Adani group reacted to this and said that the allegations are falsely implicated. The group said that they have no ties with the Sebi Chairperson. Adding further the group said Hindenburg is making fake claims.

Adding further the group highlighted that the Supreme Court dismissed the allegations earlier. No matter what, this is a new sensation in the country for sure.

The issue already took a political turn with the opposition parties demanding an inquiry into this. Congress chief Mallikarjun Kharge even alleged a possible quid-pro-quo angle in this. He reminded that before the Supreme Court ruling, Sebi cleared Gautam Adani and now the Sebi Chairperson is accused of wrongdoings. Having said that, he stressed the Joint Parliamentary Committee (JPC) inquiry.