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Hindenburg research alleges India market regulator chief held investments in offshore funds used by Adani Group

08/10/2024

Less than a minute

2024.08.10 13:05

MUMBAI (Reuters) – U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of India’s market regulator Madhabi Puri Buch held investments in certain offshore funds that were also used by the Adani group.

© Reuters. FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave//File Photo

Buch did not immediately reply to a call and a message sent on Whatsapp.

Citing whistleblower documents, Hindenburg said Buch and her husband held stakes in an offshore fund where a substantial amount of money was invested by Vinod Adani, brother of Gautam Adani, who is chairman of the Adani group of companies.

08/10/2024

Less than a minute