Hindenburg: Can’t trust Sebi as arbitrator in Adani matter

Hindenburg Research accused Sebi chairperson Madhabi Puri Buch and her husband of investing in offshore vehicles linked to the Adani group. The whistleblower documents claimed this compromised Sebi’s probe into Adani’s alleged corporate fraud. Despite market veterans deeming the report lacking in substance, this revelation raised questions about potential conflicts of interest within Sebi.