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Sebi Chief Madhabi Puri Buch Responds to Hindenburg Allegations

- Sebi chief Madhabi Puri Buch and her husband Dhaval have issued a detailed statement addressing allegations made by Hindenburg Research. - The Buchs clarified that their investment in a fund promoted by IIFL Wealth Management was made as private citizens in Singapore, two years before Madhabi joined Sebi. - They emphasized that all their financial disclosures have been transparent and in compliance with Sebi's regulations. - The Buchs refuted any insinuations about their net worth and investments, calling them malicious and motivated. - Hindenburg has been served a show cause notice by Sebi, and the Buchs criticized the firm for attacking Sebi's credibility instead of responding to the notice. Source: [CNBC](https://www.cnbctv18.com/market/stocks/full-text-of-the-sebi-chief-madhabi-puri-buchs-response-to-hindenburgs-allegations-19458111.htm)

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Sentipanda

Stealth

a month ago

All is ok .. but this point 2 coming over and over again makes no sense to me. In my mind it doesn’t matter if investment was made when they had no connections or privately etc etc. infact protecting adani to save those investments looks like a perfect cause for nonaction. Nevertheless i believe in 3 things 1) hindenburg is not saint 2) Adani is no saint. 3) we cannot blindly trust anyone on top.
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FreshRaita

Stealth

a month ago

My purview is the same
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rarerabit

IBM

a month ago

they are drifting from the main point.
See more comments
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DelayedLiterate

Stealth

a month ago

She's clean and clear
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optimuSPrime

TCS

a month ago

Why ... are his pet dog to know everything???
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SandAndIce

Cognizant

a month ago

Hindenburg is the biggest daylight scammer
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jake_peralta_B99

Unemployed

a month ago

How are they scamming anyone?
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NearEmploy

Self Employed

a month ago

Do you understand stock market?
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DirtyDot5

Stealth

a month ago

The question is not whether she disclosed or not. The question is whether she had any indirect stake in Adani, and if so, did she recuse herself from the ongoing investigation against Adani. If not, its clear conflict of interest.
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PlaintiveProduce

TestCompany

a month ago

If I work for one of the Big4 consulting companies and I have been investing in a Fund: Mutual Fund or Anything for a while that invests in any of the Consulting firm’s clients, you cannot say I have an indirect interest in that Client’s stock and thereby a conflict of interest. It is a fund with multiple securities and assets most likely. Therefore, it must be looked at like that.
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Sentipanda

Stealth

a month ago

You can def say conflict of interest if given your proportion of investment is significant enough and you are massively connected with mutual fund managers and clients they are investing in.
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Sugar

Stealth

a month ago

There are some bigger things at play Mr. and mrs. Buch are 26/11 attack survivors, SEBI tightening norms around FnO, Adani-Financial backbone, now the international cabal attacks on sebi&adani?? Lol, soon the cabal might say....supreme court judge is also corrupt, PM and President are compromised if they rule in favor of India.
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SickSpace

Stealth

a month ago

Just the fact that I am hearing so much of this narrative of this being an international cabal attack and she is a 26/11 survivor - all the nationalist distraction from the allegations and clarifications makes me doubt the credibility of the clarifications
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Sugar

Stealth

a month ago

You anti-nationalist??? What do you mean by credibility? Let's say they did something wrong...so then do you go on to support some random dude making allegations on India's apex org? Bloody international validation seekers.... Even if both are deadly corrupt, I'll still stand with SEBI.. because their corruption aganist the lobby atleast helps India(by India it means people of India) the definition of corruption itself is different for me. Everyone is working for their own gains, as someone mentioned in comments, foreign cabal is no saint...they are working for their own gains, when they faced little turbulence...they go on to make allegations??and you talking about credibility?..of whom? In war there is no right or wrong, it's just whose side you choose to stand with
See more comments
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DreamEater

Theranos

a month ago

She took the bait they laid for her. The details she has revealed could put her in more trouble
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TrisDeus

Motherson Technology Services

a month ago

With the instability in the market of dollar they're are looking to profit from shorting Indian market after they put their calls never believe anyone except urself
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ElPocoLoco

Deloitte

a month ago

https://www.linkedin.com/posts/jshilanjanm_deepdive-activity-7228211621481869312-vHtu?utm_source=share&utm_medium=member_android
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ElPocoLoco

Deloitte

a month ago

Kaanoon sirf common man ke liye hai, kaanoon banane walo ke liye nahi
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MomoSapien

Mfine

a month ago

Adani meanwhile letting all the focus shift to Madhavi and Hindenburg. In other times, Adani would have responded immediately with a nationalist flavour. Adani laying low and letting the distraction play out
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Aspirer1

Accenture

a month ago

Hindenburg has already responded to her https://m.economictimes.com/news/india/hindenburg-says-sebi-chief-madhabi-puri-buchs-response-to-its-allegations-raises-numerous-new-critical-questions/articleshow/112453325.cms
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HonestBass

Stealth

a month ago

😂😂😂
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GeneralZod

Stealth

a month ago

Hindenberg❌ Scamberg✅
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News Discussion on

by NewsAnchor

Grapevine

Hindenburg Responds to SEBI Chief Madhabi Buch's Statement

- Hindenburg Research has responded to SEBI chief Madhabi Puri Buch's weekend statement accusing the short-seller of character assassination. - The short-seller's post on X claims Buch's response raises new critical questions and includes important admissions. - Hindenburg's report alleges the Buchs had stakes in offshore funds used by Vinod Adani to trade large positions in Adani Group shares. - The Buchs dismissed the allegations as baseless, accusing Hindenburg of character assassination in response to SEBI's enforcement action. - Hindenburg's response questions Buch's commitment to transparency and calls for a public investigation into the issues raised. Source: [Economic Times](https://economictimes.indiatimes.com/news/india/hindenburg-says-sebi-chief-madhabi-puri-buchs-response-to-its-allegations-raises-numerous-new-critical-questions/articleshow/112453325.cms)

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News Discussion on

by LooseGoose

Stealth

Buch is rekt, so is SEBI

SEBI chief not supposed to have alternative source of income/fees. Direct violation. Resignation imminent to save face.

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News Discussion on

by boredcorporate

Others

SEBI Chief Expose

- Aur humien time pe tax barna hain - Diesel car nahi lena hain - Moonlighting nahi karni hain - Bitcoin main invest nahi karni chahiye - Real estate main indexing ki benefit nahi leni hain

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News Discussion on

by NewsAnchor

Grapevine

Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal

- Whistleblower documents show SEBI Chairperson Madhabi Buch and her husband had stakes in offshore funds used in the Adani money siphoning scandal. - SEBI has shown a surprising lack of interest in Adani’s alleged undisclosed web of Mauritius and offshore shell entities despite overwhelming evidence. - SEBI sent a 'show cause' notice to the whistleblowers, questioning the disclosure around their short position rather than addressing the allegations against Adani. - Madhabi Buch and her husband moved their assets out of her name ahead of her politically sensitive appointment as SEBI Chairperson. - SEBI has taken no action against other suspect Adani shareholders operated by India Infoline, raising questions about the regulator's objectivity. Source: [https://hindenburgresearch.com/sebi-chairperson/](https://hindenburgresearch.com/sebi-chairperson/)

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News Discussion on

by Noctus

Stealth

HindenBurg report is out

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Banking & Finance on

by somefinetofu

Stealth

Short seller shorts the regulator... Hindenburg returns SEBI's favour

When Hindenburg Research released its report last year accusing the Adani Group of fraud, its motive was clear. Hindenburg would short the Adani companies, their stock prices would go down because of its report, Hindenburg would make money. Earlier this month Hindenburg released another report accusing SEBI chairperson Madhabi Puri Buch of, I don’t know, possible conflict of interest when it comes to Adani? SEBI hasn’t done much about all the fraud accusations against Adani, but it did investigate Hindenburg itself for what it thinks is insider trading. But SEBI is a regulator! Not a company! There is no SEBI stock for Hindenburg to short. Whatever was Hindenburg hoping to get out of this report? It’s very unlikely it expected the entire Indian market or even the Adani stocks to fall with this report. If you have ideas, let me know. Hindenburg’s main accusation was that Madhabi Puri Buch had invested in the same fund which had been used to invest in the Adani companies to pump up their stock prices. Roughly, here’s what transpired: continued on the link

Hindenburg returns SEBI's favour

https://boringmoney.in/p/short-seller-shorts-the-regulator?utm_source=grapevine&utm_medium=social&utm_campaign=hindenburg+sebi+report

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News Discussion on

by CorporateNomad

Deloitte

Wait again!!

https://hindenburgresearch.com/sebi-chairperson/

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News Discussion on

by Hermit

Stealth

Hindenburg names SEBI chief in new drop

What do we make of these allegations? Does it result in a turmoil in the market in the coming week? How does opposition play and make it another witch-hunt

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News Discussion on

by WealthyImage

JP Morgan

Hindenburg scam! Keep your money invested.

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