Hindenburg Report on SEBI Chairperson

 Hindenburg Report –

SEBI Chairperson Involvement in Adani Money Siphoning Scandal –
Summary –
• Whistleblower Documents Show That Madhabi Buch, The Current Chairperson Of SEBI, And Her Husband Had Stakes In Both Obscure Offshore Funds Used In The Adani Money Siphoning Scandal. The current SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani.
• Despite the existence of thousands of mainstream, reputable onshore Indian Mutual fund products, an industry she now is responsible for regulating, documents show SEBI Chairperson Madhabi Buch and her husband had stakes in a multi-layered offshore fund structure with miniscule assets, traversing known high-risk jurisdictions, overseen by a company with reported ties to the Wirecard scandal, in the same entity run by an Adani director and significantly used by Vinod Adani in the alleged Adani cash siphoning scandal.
• To Date, SEBI Has Taken No Action Against Other Suspect Adani Shareholders Operated By India Infoline: EM Resurgent Fund and Emerging India Focus Funds
SEBI chairperson involvement in promoting Blackstone’s REITS.
• During Dhaval Buch’s (SEBI Chairperson Husband) Time As Advisor To Blackstone, SEBI Has Proposed, Approved And Facilitated Major REIT Regulations Changes. Since Madhabi Buch became Chairperson in March 2022, SEBI has proposed and implemented a raft of REIT legislation, of significant benefit to Blackstone as one of the largest REIT sponsors in India, whom her husband works for.
• SEBI chairperson Herself Promoted REIT’s as her “Favourite products for the Future” and urged investors to look “Positively:” upon the asset class. While Making Those Statements, She Omitted To Mention That Blackstone, Who Her Husband Advises, Stands To Gain Significantly From The Asset Class.

Conclusion from the report above –
Hindenburg suggest that SEBI can not be trusted as an objective arbiter in Adani matter, as the SEBI chairperson has allegedly having stake in Adani group of companies.


Hindenburg says, To the extent that any proceeds are derived from this report they will be donated to causes that support free expression.