Lokpal Demands Evidence On SEBI Chief Beyond Hindenburg Report

22 Sep 2024

The Lokpal of India has recently questioned the reliability of complaints against SEBI Chairperson Madhabi Puri Buch, which were primarily based on allegations made in the Hindenburg report. The complaints, filed by Trinamool Congress MP Mahua Moitra and former IPS officer Amitabh Thakur, accuse Buch of corruption and involvement in...

Ravi Shankar Prasad Condemns Opposition’s Reaction to Hindenburg Report

12 Aug 2024

BJP MP Ravi Shankar Prasad criticized the opposition's reaction to the Hindenburg report and its allegations against SEBI Chairperson Madhabi Buch, accusing the Congress party and its allies of conspiring to create economic instability in India. Speaking at a press conference in the national capital, Prasad said, "After being rejected...

Investors Lose ₹53,000 Crore as Adani Stocks Drop Following Hindenburg Report

12 Aug 2024

Shares of Adani Group companies saw a sharp decline of up to 7%, causing investors to lose approximately ₹53,000 crore. The market capitalization of 10 Adani stocks dropped to ₹16.7 lakh crore. This downturn follows a report from US short seller Hindenburg, which accused SEBI Chairperson Madhabi Puri Buch and...

SEBI Calls For Calm After Hindenburg Report, Emphasizes ‘Short Positions’ Disclaimer For Investors

11 Aug 2024

In view of the recent Hindenburg Research report, India's market regulator, SEBI, has called on investors to exercise due diligence and remain calm. The SEBI said that the report contained a disclaimer wherein Hindenburg Research had taken short positions in securities discussed therein. The latest charges by Hindenburg Research claim...

Congress And TMC Question SEBI’s Integrity Over Adani Probe By Hindenburg

11 Aug 2024

Drawing on the Latin phrase "Quis Custodiet Ipsos Custodes" from the Roman poet Juvenal's 'Satires,' Congress party questioned SEBI's unusual hesitation to probe the Adani MegaScam. This criticism came on Saturday after a new report from US short-seller Hindenburg Research made allegations against SEBI chairperson Madhabi Puri Buch and her...

SEBI Chief Linked To Offshore Entities In Adani Money Scandal, Claims Hindenburg Report

10 Aug 2024

Hindenburg Research, the firm that previously criticized the Adani Group, has leveled new allegations against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI). According to the firm, Buch and her husband were involved with "obscure offshore entities" connected to the Adani money siphoning scandal....

Hindenburg Hints at Upcoming India-Focused Report in Cryptic Tweet

10 Aug 2024

US-based firm Hindenburg Research on Saturday posted a cryptic message hinting at a possible new India-centric report, over a year after it published allegations against the Adani group of companies of insider trading and other violations in the stock market. "Something big soon India," said the post on the X...

Adani Bounces Back, Erases Hindenburg Scar, Recovers All Stock Losses

24 May 2024

The Flagship company of Indian billionaire Gautam Adani, Adani Enterprises Ltd, has recently recovered all the losses, which happened due to a scathing short-seller report, released in early 2023. The stocks have now recovered losses exceeding $30 billion, which occurred following allegations of extensive corporate fraud and share-price manipulation made...

Supreme Court rules no regulatory failure by SEBI in Adani-Hindenburg row

03 Jan 2024

The Supreme Court has ruled that the Securities and Exchange Board of India (SEBI) did not exhibit any regulatory failure in the Adani-Hindenburg controversy. The judgment emphasizes that reliance on unverified press reports is insufficient and cannot serve as a foundation for regulatory lapses. The case, extensively covered by @DebayonRoy,...