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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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
