Hindenburg alleges these funds had been frozen as part of a "money laundering and securities forgery probe" into the Adani group in 2021; Adani group says it has "no involvement" in any Swiss court
The U.S.-based short seller accuses Buch of maintaining a complete "silence" for weeks on all the latest allegations by the opposition party
Short seller raises more questions related to Madhabi Puri Buch's investments or business engagements through her husband while serving in an official capacity
Investors may also like to take note of the disclaimer that states that readers should assume that Hindenburg Research may have short positions in the securities covered in the report, says SEBI.
"The seeming complicity of the highest officials of the land can only be resolved by setting up a JPC," says Congress leader Jairam Ramesh on Hindenburg Research allegations.
SEBI’s lack of mention of Kotak or any other Kotak board member may be meant to protect yet another powerful Indian businessman from scrutiny, says U.S. short seller
Hindenburg says SEBI’s show-cause notice is an attempt to silence and intimidate those who expose corruption and fraud perpetrated by “most powerful individuals”
Adani Green last week announced a follow-on funding of $1.36 bn to boost the construction financing framework to $3 billion
Hindenburg Research published its report ahead of Adani Group's plan to launch the largest follow-on public offering (FPO) in India's history.
LIC ups its stake in Adani Green Energy, Adani Total Gas, Adani Enterprises, and Adani Transmission, but cuts stake in Ambuja Cements, ACC, and Adani Ports & SEZ
