SEBI Refutes Hindenburg Allegations Against Chairperson Madhabi Puri Buch

SEBI Dismisses Allegations

The Securities and Exchange Board of India (SEBI) has rejected claims made by Hindenburg Research regarding SEBI Chairperson Madhabi Puri Buch. Hindenburg had alleged that Buch was involved in the implementation of legislation concerning Real Estate Investment Trusts (REITs) to favor Blackstone, a major REIT sponsor in India. SEBI countered these allegations, stating that any claims about regulations or circulars related to REITs being manipulated are "inappropriate."

Disclosure and Conflict of Interest

SEBI emphasized that Chairperson Buch has consistently made relevant disclosures about her securities holdings and their transfers. The regulator also noted that Buch has recused herself from matters where there could be a potential conflict of interest, further supporting her position.

Investor Advisory

In light of the allegations, SEBI urged investors to remain composed and conduct thorough due diligence before reacting to such reports. This advice comes as a response to the latest claims from Hindenburg Research.

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Hindenburg's Claims

Hindenburg Research, a US-based short seller, recently released an investigative report alleging that SEBI Chairperson Buch had connections with obscure offshore entities implicated in Adani's alleged financial misconduct.