After Hindenburg's serious allegations against SEBI Chief, Congress said- 'Government should form a JPC to investigate the Adani mega scam'

What’s the newest revelation by Hindenburg?

In a recent revelation, American short-seller Hindenburg Research has levelled severe allegations in opposition to Madhavi Buch, the top of market regulator Securities and Alternate Board of India (SEBI). Hindenburg alleged that SEBI chairperson Buch and her husband had stakes in shadowy offshore funds used within the alleged Adani cash laundering rip-off.

“SEBI has shown a surprising lack of interest in Adani’s alleged undeclared web of Mauritius and offshore shell entities,” Hindenburg alleged in a blogpost 18 months after its final report on Adani.

“Current SEBI chief Madhavi Buch and her husband had stakes in both the shadowy offshore funds used in the Adani money laundering scam,” the short-seller mentioned, citing “whistleblower documents” that blew the lid on the case.