Hindenburg alleges India market regulator chief held stake in offshore funds used by Adani

Hindenburg alleges India market regulator chief held stake in offshore funds used by Adani

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

U.S. based short-seller Hindenburg Research alleged on Saturday that the head of India’s market regulator, Madhabi Puri Buch, previously held investments in offshore funds also used by the Adani Group.

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