Views on Hindenburg report on SEBI chairperson
My 2 cents - report is definitely going to raise concerns around the Buch couple dealings. Their history and accent to their respective positions seems little fishy in the first place along with their investment in the offshore fund mentioned. That says it does not still implicate them fully as anyone can diversify investments. So someone has to do a real investigation to make sure Indian markets don’t bear the brunt. What are your views?
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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
