offshore funds

Adani stocks: Fresh Hindenburg allegations trip Adani stocks, some fall up to 7%

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Adani stocks: Fresh Hindenburg allegations trip Adani stocks, some fall up to 7%

Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more

Hindenburg: Hindenburg claims Sebi chief had stake in offshore entities linked to Adani

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Hindenburg: Hindenburg claims Sebi chief had stake in offshore entities linked to Adani

A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another wild allegation on the Adani issue by alleging that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more