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On August 10, Hindenburg Research raised concerns about the delay in the Adani investigation and questioned SEBI's impartiality, claiming that Madhabi Puri Buch and her husband, Dhaval, had conflicts
Both Sebi and the Buchs issued separate statements rebutting all the allegations
Union Minister Giriraj Singh on Monday said Hindenburg Research has defamed the country in alliance with Congress and the "strictest action" will be taken against the US short-seller. Hindenburg on Saturday launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. The duo has denied the allegations as baseless and asserted their finances are an open book. The Adani Group termed the latest allegations malicious and based on manipulation of select public information. The company said it has no commercial relationship with the Sebi chairperson or her husband. Talking to reporters on the sidelines of an event here, Singh, the Union Minister for Textiles, also came down heavily on Congress leaders Rahul Gandhi and Jairam Ramesh. "This is a gang to defame the country, Rahul (Gandhi) and Jairam Ramesh. Hindenburg defames us. We will not tolerate
After being rejected by Indians, the Congress party and its allies have conspired to create economic instability in the country, alleged Ravi Shankar Prasad, Bharatiya Janata Party MP from Bihar
Adani Energy Solutions, Adani Total Gas, NDTV and Adani Power dropped between 11 per cent and 17 per cent on the BSE in Monday's intra-day trade
It's more of a stock specific market rather than sectors now, says Kranthi Bathini, Director-Equity of WealthMills Securities
Explained: What is Hindenburg Research, what is short-selling and how much profit did the US firm make on its 2023 Adani Group report
IIFL group stocks such as 360 One WAM, IIFL Finance and IIFL Securities plunged up to 5 per cent in Monday's initial trade, but soon recouped losses. Here are the key levels to track.
Stepping up its attack on the PM Narendra Modi government over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress on Monday threatened to launch a nationwide protest if its demand for a JPC (Joint Parliamentary Committee) probe into the matter is not accepted. AICC general secretary (Organisation), K C Venugopal, described the allegations as "very serious" and accused the Prime Minister of supporting Adani on the matter. "The Prime Minister's silence on the matter amounts to a destruction of credibility," Venugopal told reporters at the airport here. He accused the union government of trying to divert people's attention from the matter by using the Enforcement Directorate against Rahul Gandhi, the Leader of the Opposition in the Lok Sabha. "Don't try to threaten Rahul Gandhi with an ED notice. We will strongly oppose such diversionary tactics," the Alappuzha MP said. Venugopal said that "this is the most serious issue in the country" and warn
Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research
Short-seller says whistleblower documents have revealed Sebi Chairperson Madhabi Puri Buch had stake in obscure offshore entities used in Adani money siphoning scandal; Buch terms allegations baseless
As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.
Hindenburg has escalated its attack by targeting Sebi Chairperson Madhabi Puri Buch. The short-seller alleges conflicts of interest and undue favoritism towards the Adani Group.
Madhabi Puri Buch on Sunday rebutted fresh allegations made by New York-headquartered Hindenburg Research in the Adani matter
Find support from market participants; Adani group dubs latest report mischievous
Says fund in which the Buchs invested focused on debt, maintains no investor had any role in its ops
Regulator asks investors to exercise due diligence before reacting to reports
Opposition parties claimed govt cut short Budget session to avoid questions on the issue