https://sputniknews.in/20240811/us-based-short-seller-launches-attack-on-indias-market-regulator--adani-group-reports-7996669.html
US-Based Short-Seller Launches Attack on India's Market Regulator & Adani Group: Reports
US-Based Short-Seller Launches Attack on India's Market Regulator & Adani Group: Reports
Sputnik India
Hindenburg Research, a US-based stock market short-seller, claimed on Saturday that Madhabi Puri Buch, the head of India's market regulator, previously held investments in offshore funds linked to the Adani Group, Reuters reported on Sunday.
2024-08-11T20:18+0530
2024-08-11T20:18+0530
2024-08-11T20:19+0530
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gautam adani
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stock price manipulation
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Hindenburg Research, a US-based stock market short-seller, claimed that Madhabi Puri Buch, the head of India's market regulator, previously held investments in offshore funds linked to the Adani Group, Reuters reported on Sunday.Buch dismissed the allegations as unfounded. Meanwhile, an Adani Group spokesperson labelled the claims "red herrings thrown by a desperate entity with total contempt for Indian laws."
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adani, hindenburg research, india's market regulator
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US-Based Short-Seller Launches Attack on India's Market Regulator & Adani Group: Reports
20:18 11.08.2024 (Updated: 20:19 11.08.2024) Gautam Adani, an Indian billionaire and Asia's richest man, said in March that his company Adani Group had been subject to a massive attack by "a short-seller".
Hindenburg Research, a US-based stock market short-seller, claimed that Madhabi Puri Buch, the head of India's market regulator, previously held investments in offshore funds linked to the Adani Group, Reuters reported on Sunday.
Buch dismissed the allegations as unfounded. Meanwhile, an Adani Group spokesperson labelled the claims "red herrings thrown by a
desperate entity with total contempt for Indian laws."
"Adani Group has absolutely no commercial relationship with the individuals or matters mentioned in this calculated deliberate effort to malign our standing," Reuters quoted the spokesperson.
