Soon after the Ministry of Finance’s notification inviting applications for the post of SEBI chairperson was issued, Congress MP Jairam Ramesh claimed that this was a vindication of Congress's “sustained, fact-based” campaign against outgoing SEBI chairperson Madhabi Buch.
Mumbai-headquartered pharmaceutical and biotechnology company Wockhardt has categorically denied allegations labeled by the Congress party against the company.
Amidst allegations of SEBI employees protesting and complaining of 'toxic work culture', the market regulator categorically denied the issue, asserting that the employees are perhaps misguided by external elements
ICICI bank refuted allegation levelled by Congress, highlighting that Buch may have exercised ESOPs and utilised the benefits after leaving the organisation.
On the 11th of August, Rahul Gandhi shared a video message on X wherein he was seen blatantly fearmongering about the stock market and hyped the Hindenburg Research report to attack businessman Gautam Adani and the Modi government.
On Sunday Adani Group also released an official statement, stating, "We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024."
'Hindenburg Research' used the erstwhile offshore fund holding of Madhabi Buch to suggest 'laxity' in investigations against Adani Group as SEBI chairperson.