{"id":125544,"date":"2024-08-12T18:46:07","date_gmt":"2024-08-12T13:16:07","guid":{"rendered":"https:\/\/assamtimespost.in\/?p=125544"},"modified":"2024-08-12T18:46:07","modified_gmt":"2024-08-12T13:16:07","slug":"sebi-chiefs-response-sparks-controversy-hindenburg-raises-troubling-questions","status":"publish","type":"post","link":"https:\/\/assamtimespost.in\/?p=125544","title":{"rendered":"SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone  wp-image-125542\" src=\"https:\/\/i0.wp.com\/assamtimespost.in\/wp-content\/uploads\/2024\/08\/New-Logo-Smal-1.jpg?resize=191%2C53&#038;ssl=1\" alt=\"\" width=\"191\" height=\"53\" title=\"\"><\/p>\n<h4><span style=\"font-size: 14pt;\"><span style=\"font-size: 24pt;\">T<\/span>he ongoing clash between US-based short seller <a href=\"https:\/\/assamtimespost.in\/?p=97387\">Hindenburg<\/a> Research and Madhabi Buch, Chairperson of India\u2019s market regulatory body SEBI, has intensified. Hindenburg\u2019s recent claims suggest that Buch\u2019s response includes admissions raising several new \u201ccritical questions.\u201d<\/span><\/h4>\n<figure id=\"attachment_125545\" aria-describedby=\"caption-attachment-125545\" style=\"width: 723px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"wp-image-125545\" src=\"https:\/\/i0.wp.com\/assamtimespost.in\/wp-content\/uploads\/2024\/08\/2024_8largeimg12_Aug_2024_092522510.jpg?resize=723%2C422&#038;ssl=1\" alt=\"SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions\" width=\"723\" height=\"422\" title=\"\" srcset=\"https:\/\/i0.wp.com\/assamtimespost.in\/wp-content\/uploads\/2024\/08\/2024_8largeimg12_Aug_2024_092522510.jpg?w=600&amp;ssl=1 600w, https:\/\/i0.wp.com\/assamtimespost.in\/wp-content\/uploads\/2024\/08\/2024_8largeimg12_Aug_2024_092522510.jpg?resize=300%2C175&amp;ssl=1 300w\" sizes=\"(max-width: 723px) 100vw, 723px\" \/><\/a><figcaption id=\"caption-attachment-125545\" class=\"wp-caption-text\">SEBI Chief\u2019s Response Sparks Controversy: Hindenburg Raises Troubling Questions<\/figcaption><\/figure>\n<p><span style=\"font-size: 14pt;\">Hindenburg, in a post on social media platform X, asserted that Buch admitted to investing in a Bermuda\/Mauritius fund structure linked to allegedly misappropriated funds by Vinod Adani. The fund, according to Hindenburg, was managed by a childhood friend of Buch\u2019s husband, who was an Adani director at the time.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Buch has categorically denied these allegations, labeling them as \u2018baseless and insinuative.\u2019 She emphasized that her financial life is transparent, with all required disclosures made to SEBI. \u201cWe have no hesitation in disclosing any and all financial documents,\u201d Buch stated, adding that a detailed statement would be issued soon. She accused Hindenburg of character assassination in retaliation for enforcement actions taken against the firm by SEBI.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Hindenburg further accused SEBI of a conflict of interest, as the regulator was investigating funds linked to Adani, which allegedly included those Buch was personally involved in. SEBI, in response, urged investors to remain calm and exercise due diligence.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The Adani Group also responded, dismissing Hindenburg\u2019s allegations as malicious and manipulative, reiterating that similar claims had been rejected by the Supreme Court in March 2023.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Hindenburg\u2019s response additionally scrutinized Buch\u2019s financial disclosures, alleging discrepancies regarding her ownership of consulting firms in India and Singapore.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Amid the controversy, the opposition party Congress has called for a Joint Parliamentary Committee (JPC) to investigate the matter and demanded Buch\u2019s resignation pending investigations.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ongoing clash between US-based short seller Hindenburg Research and Madhabi Buch, Chairperson of India\u2019s market regulatory body SEBI, has intensified. Hindenburg\u2019s recent claims suggest that Buch\u2019s response includes admissions raising several new \u201ccritical questions.\u201d Hindenburg, in a post on social media platform X, asserted that Buch admitted to investing in a Bermuda\/Mauritius fund structure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":125545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"1","number_popup_post":"2","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-715","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[35],"tags":[28512,28523,28520,28506,28513,28507,28511,28532,28518,16069,28519,28529,28528,28505,26440,28527,28517,28504,28500,28514,28503,28522,28530,28531,28501,28524,28525,28508,28510,28502,28516,28521,28526,28515,28499,28509],"class_list":["post-125544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-east","tag-adani-director","tag-adani-group-response","tag-adani-linked-funds","tag-admissions","tag-baseless-allegations","tag-bermuda-fund","tag-buchs-husband","tag-buchs-resignation","tag-character-assassination","tag-clash","tag-conflict-of-interest","tag-congress-demand","tag-consulting-firms-ownership","tag-critical-questions","tag-enforcement-actions","tag-financial-disclosures-scrutiny","tag-financial-documents","tag-hindenburg-claims","tag-hindenburg-research","tag-insinuative","tag-intensified","tag-investor-due-diligence","tag-joint-parliamentary-committee","tag-jpc-investigation","tag-madhabi-buch","tag-malicious-allegations","tag-manipulative-claims","tag-mauritius-fund","tag-misappropriated-funds","tag-sebi-chairperson","tag-sebi-disclosures","tag-sebi-investigation","tag-supreme-court-rejection","tag-transparent-financial-life","tag-us-based-short-seller","tag-vinod-adani"],"jetpack_publicize_connections":[],"jetpack-related-posts":[{"id":157227,"url":"https:\/\/assamtimespost.in\/?p=157227","url_meta":{"origin":125544,"position":0},"title":"CJP Team Chased and Attacked at Rajasthan School \u2014 BJP Accused","author":"ASSAM TIMES POST","date":"August 21, 2026","format":false,"excerpt":"A team of Cockroach Janta Party (CJP) leaders, led by co\u2011founder Ashutosh Ranka, was attacked and driven out of Rampura Kanwarpura village in Jaipur\u2019s Bagru assembly area on Friday, August 21, 2026, while attempting to inspect a government primary school, party sources said. 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