The Hindenburg report raised concerns about SEBI Chairperson Madhabi Puri Buch and her husband's undisclosed investments in offshore funds in Bermuda and Mauritius.
The statement harshly criticized Hindenburg for attacking its credibility rather than responding to the show-cause notices issued by SEBI.
SEBI advised investors to remain calm and exercise due diligence, noting that the Hindenburg’s report includes a short position disclaimer.
In a statement posted on X, Congress MP Jairam Ramesh has sharply criticized SEBI’s handling of the Adani Group investigation.
On Sunday, 360 ONE Asset Management rejected Hindenburg Research's claims regarding SEBI Chairperson Madhabi Buch's investments.