SEBI Chairperson had stake in obscure offshore entities used in Adani scandal, Hindenburg Research reveals

“Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal”:

Adani Group Allegations: The Adani Group faced allegations related to a massive corporate fraud involving offshore shell entities.

SEBI’s Inaction: Despite evidence and media investigations, the Indian securities regulator SEBI has not taken public action against the Adani Group.

SEBI’s Notice: SEBI sent a notice to Hindenburg Research, questioning their report’s disclosure and labeling it “reckless.”

SEBI Chairperson’s Involvement

Madhabi Buch: While serving as SEBI’s Chairperson from April 2017 to March 2022, she held a 100% interest in an offshore Singaporean consulting firm called Agora Partners.

Transfer of Shares: Shortly after her appointment as Chairperson, Buch quietly transferred the shares to her husband.