SEBI

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."

SEBI issues statement on the Hindenburg Research’s Report, rejects all allegations and asks investors to remain calm and exercise due diligence

SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch issued a detailed statement rejecting the allegations made by Hindenburg

'Hindenburg Research' used the erstwhile offshore fund holding of Madhabi Buch to suggest 'laxity' in investigations against Adani Group as SEBI chairperson.

As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.

After SEBI revealed that Kotak Mahindra and Kingdon Capital partnered to orchestrate a strategic move to benefit from short-selling Adani stocks, a China link has emerged.

Hindenburg said created and oversaw the offshore fund structure used by its investor partner to bet against Adani.

The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from the acquisition of financial assets