These allegations are a rehashing of the previously discredited claims of Hindenburg, said Adani Group.
Adani Group categorically rejected the latest allegations made by Hindenburg Research, calling them “deliberate and misleading manipulation of publically available information”. These allegations are a rehashing of the previously discredited claims of Hindenburg, which have been thoroughly probed and dismissed by the Honorable Supreme Court in January 2024, the Indian conglomerate added.
Adani group stated that they condemn the malicious and intentional tactics which are driven by personal gains and the latest claim on the company is a disregard for facts and the law that has been followed by each citizen in the country, as per a statement.
The group stated that their overseas dealings are fully transparent and hold credible data in all sectors. The statement further emphasised that they do not have commercial relationships with any individual. The company affirmed that it follows the state’s law and is in compliance with all regulatory requirements.
On Saturday, Hindenburg Research released explosive allegations against the Securities and Exchange Board of India (SEBI) and its Chairperson, Madhabi Buch. Nearly 18 months after Hindenburg’s initial report labelled the Adani Group’s operations as “the largest con in corporate history,” the research firm has unveiled new claims of a deep-seated conflict of interest within SEBI, accusing its Chairperson and her husband of holding stakes in offshore funds allegedly tied to the Adani money-laundering scandal.
Later, the Chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Buch, and her husband, Dhaval Buch, vehemently denied the latest allegations levelled against them by Hindenburg Research. In a strong response to the accusations, the Buchs stated that the claims made by Hindenburg are baseless and devoid of any truth, emphasising that their “life and finances are an open book” and all required disclosures have been furnished to SEBI over the years.
Also, read| Dhaval Buch Who Has Been Named In Latest Hindenburg Report
