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Madhabi Puri Buch, SEBI's first woman chief, has three decades of experience in
Updated On: 12 August, 2024 01:49 PM IST | Mumbai | mid-day online correspondent
SEBI chairperson Madhabi Puri Buch has found herself in the middle of a huge controversy after US-based short seller Hindenburg Research on August 10 published a report stating that she and her husband Dhaval had stakes in "both the obscure offshore entities used in the alleged Adani money siphoning scandal”
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In their response to Hindenburg’s allegation’s, SEBI Chairperson Madhabi Puri Buch said that the transfer of the shareholding of her firm in her husband`s name was disclosed to SEBI as well as the tax authorities in India. Pic/PTI
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch has found herself in the middle of a huge controversy after US-based short seller Hindenburg Research on August 10 published a report stating that she and her husband Dhaval had stakes in "both the obscure offshore entities used in the alleged Adani money siphoning scandal”. The report has triggered strong reactions from Opposition leaders who has asked her to tender her resignation on an immediate basis.
Hours after the report was published, Buch and Dhaval put out statements and denied all the allegations. They accused Hindenburg Research of “character assassination” and said, “We have no hesitation in disclosing any and all financial documents, including those that relate to the period when we were strictly private citizens, to any and every authority that may seek them.”
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