Hindenburg Research has made fresh allegations linking SEBI chairperson Madhabi Puri Buch and her husband to the Adani Group scandal.
The short seller claims that SEBI avoided acting on its January 2023 report because Buch and her husband allegedly had stakes in offshore funds tied to Adani. Hindenburg accuses Buch of conflicts of interest, highlighting her husband's role with Blackstone and her connection to the REIT market. Buch has strongly denied these claims, labeling them as baseless and a targeted character attack.