Hindenburg Research is a United States-based financial research company that was started in 2017 by Nathan Anderson, specializing in forensic financial analysis.
This firm specializes in exposing companies that indulge in fraud or are involved in other financial misconduct. Hindenburg Research publishes in-depth, detailed investigation reports that show fraud, misconduct, and financial irregularities.
After the in-depth report from Hindenburg Research, stock prices may fall sharply. Hindenburg gained significant attention by exposing Nikola Corporation, Lordstown Motors, and the recently exposed Adani Group.
Hindenburg, Make a short position in the market for that particular stock that is being investigated before publishing the report, then the stock price falls and Hindenburg makes a profit.
Alligation by hindenburg on SEBI Chairperson Madhabi Puri Buch
Hindenburg says that SEBI Chairperson Madhabi Puri Buch and Dhaval Buch, her husband, are involved in undisclosed stakes in offshore funds linked to financial misconduct in the Adani Group. The funds were used to manipulate the market through financial statements, located in Mauritius and Bermuda, Hindenburg says it was an “Adani money siphoning scandal.”
All these reports are based on the document that was provided by the whistleblower. The documents suggest that just weeks before Madhabi Buch was appointed as SEBI chairperson, her husband reached out to a fund administrator in Mauritius. It appears he took steps to gain control over their offshore accounts, possibly to remove her name from them, given the sensitive nature of her upcoming role.
Hindenburg Research also talked about Vinod Adani’s involvement, He is the brother of Gautam Adani and said these funds have been part of a complex and opaque financial structure designed to send money out of a country to bring it back as foreign investment.
Hindenburg criticized SEBI for showing a lack of interest in the Adani Group’s financial misdeeds. These things also raise the question of the impartiality of SEBI’s investigation.
As of Now, SEBI has not commented anything regarding these new allegations. We are waiting for a response from SEBI.
Who is Hindenburg Research?
Hindenburg Research is a United States-based financial research company that was started in 2017 by Nathan Anderson, specializing in forensic financial analysis.
What did Hindenburg Research do?
This firm specializes in exposing companies that indulge in fraud or are involved in other financial misconduct. Hindenburg Research publishes in-depth, detailed investigation reports that show fraud, misconduct, and financial irregularities.
What are the allegations against the SEBI chairperson by Hindenburg research?
Hindenburg says that SEBI Chairperson Madhabi Puri Buch and Dhaval Buch, her husband, are involved in undisclosed stakes in offshore funds linked to financial misconduct in the Adani Group. The funds were used to manipulate the market through financial statements, located in Mauritius and Bermuda.
Who is Vinod Adani?
Vinod Adani is the elder brother of Gautam Adani.
Who is the SEBI Chairperson?
Madhabi Puri Buch is the current SEBI chairperson.
Who is Dhaval Buch?
Dhaval Buch is currently a senior advisor at Blackstone and Alvarez & Marsal. He is also the husband of the SEBI chairperson.