Lucknow Press
Hindenburg Research Report: Hindenburg Research’s report has once again made a big claim. The report has made serious allegations against Indian stock market regulator SEBI chief Madhabi Puri Buch and her husband Dhawal Buch. It says that the couple had a stake in the obscure offshore fund used in the alleged Adani money laundering scam.
However, the couple’s statement came on these allegations and they called it baseless. At the same time, now Adani Group has also issued a statement on this report.
Adani Group said that the latest allegations made by Hindenburg are malicious. For this, the firm has reached predetermined conclusions to gain personal benefit by misleadingly selecting publicly available information with malicious intent, disregarding facts and laws. We completely reject the allegations made against the Adani Group.
This allegation is a recycling of false claims, which have been thoroughly investigated and proved to be baseless. These allegations have already been dismissed by the Supreme Court in January this year.
Adani Group said, it is reiterated that our foreign holding structure is completely transparent. The things mentioned here are a deliberate attempt to tarnish our reputation. We remain firmly committed to transparency and all legal and compliance. Hindenburg, which is under investigation for several violations of Indian laws, is a desperate entity with complete contempt for Indian laws.
