Thu, Nov 21, 2024
In more trouble for embattled businessman Gautam Adani, the billionaire, along with other defendants, allegedly paid over $250 million in bribes to Indian government officials, US authorities said.
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Fri, Nov 15, 2024
Alleging that the Madhabi Puri Buch scandal "isn’t just insider trading" but "a revealing case of direct conflict of interest", Rahul Gandhi has claimed that powerful regulators in the country are "entangled with the very corporations" they are supposed to oversee.
Tue, Oct 29, 2024
Adani Enterprises, the flagship firm of the Adani group led by businessman Gautam Adani, has received a show-cause notice from capital market regulator Securities and Exchange Board of India (SEBI).
Fri, Oct 25, 2024
SEBI's show-cause notice to Adani Energy Solutions is aligned with some of the barrage of serious allegations leveled by US-based research firm Hindenburg against the conglomerate, which has repeatedly denied the charges.
Mon, Sep 30, 2024
The board of the capital market regulator, Securities and Exchange Board of India (SEBI), met on Monday to make several decisions, including a much-anticipated approval of the proposed Mutual Fund Lite Regulations and a new asset class to fill the gap between mutual funds and portfolio management services (PMS). This development confirmed an earlier exclusive report by Zee Business last week.
Tue, Sep 24, 2024
The Madhabi Puri Buch-led SEBI board is likely to discuss and approve various policy measures and issues, including serious allegations leveled by US-based research firm Hindenburg Research against her and a protest by the regulator's employees against its top management.
Fri, Sep 13, 2024
Amid a barrage of serious allegations against her, including misuse of power and conflict of interest, SEBI Chairperson Madhabi Puri Buch and her husband issued a fresh statement on Friday.
Citing newly released Swiss criminal court records reported by Swiss media outlet Gotham City, US-based research firm Hindenburg Research has said that prosecutors have detailed "how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks".
Thu, Sep 12, 2024
On Wednesday, Hindenburg took to microblogging site X (formerly Twitter) to question the current SEBI chief’s "complete silence" on fresh allegations of impropriety, conflict of interest and accepting payments from companies while serving as a member of the market regulator.
Hindenburg, which had in January 2023 accused Adani Group of using tax havens to sidestep local market regulations, had last month alleged that Securities and Exchange Board of India (SEBI) chairperson Buch's previous investments and dealings may be behind the slow probe against the conglomerate.
Wed, Sep 11, 2024
Earlier on Wednesday, US-based short-seller Hindenburg Research levelled a fresh set of serious allegations against SEBI Chairperson Madhabi Puri Buch including conflict of interest and misuse of power.
Hindenburg Research levelled a fresh set of charges on Wednesday accusing a private consulting entity owned by her of accepting payments from multiple listed companies regulated by the market watchdog during her time as its whole-time member.
Thu, Sep 05, 2024
"There is an erosion of trust and credibility of India’s stock markets. The Congress party wants a strong and robust stock market with many foreign and domestic investors’ participation. It is not in the nation’s interest to have clouds of doubt, fear and uncertainty over the market regulator," said Praveen Chakravarty, Chairman of Professionals' Congress and Data Analytics at the INC.
Wed, Sep 04, 2024
Capital market regulator Securities and Exchange Board of India (SEBI) denied on Wednesday the claims of an unprofessional work culture made by some of its employees.
Hindenburg vs Adani Saga: In more trouble for the Sebi chief, employees at the market regulator are learned to have flagged toxic work culture to the finance ministry last month.
Tue, Sep 03, 2024
A day after launching a salvo at Sebi Chairperson Madhabi Puri Buch, the Indian National Congress (INC) levelled fresh allegations against her with more details about her association with ICICI Bank in the past and demanded clarification from her, the market regulator, and the Centre on an urgent basis.
Thu, Aug 29, 2024
Sebi Chairperson Madhabi Puri Buch spoke at the Global Fintech Fest in Mumbai on Thursday, August 29.
Tue, Aug 20, 2024
The case, which centers on regulatory oversight involving Axis Bank and Max Life Insurance, has drawn significant attention because Dr Swamy claims that SEBI’s actions may have been influenced by a conflict of interest.
Mon, Aug 19, 2024
The matter relates to US-based short seller Hindenburg Research levelling allegations that Sebi Chairperson Madhabi Puri Buch and her husband Dhaval Buch previously held investments in offshore funds also used by the Adani group, charges categorically denied by the couple.
Sun, Aug 18, 2024
On August 10, the US-based company released a report in which it alleged that Sebi Chairperson Madhabi Puri Buch and her husband Dhaval Buch previously held investments in offshore funds also used by the Adani group, charges categorically denied by the couple.
Fri, Aug 16, 2024
"The situation creates a lot of doubt... People can raise concerns about whether investigations became slower at the suggestion of the government... The government should form a new committee comprising a judge, reputed former officials of Sebi and market representatives, and be made to probe the Adani case," former Finance Secretary SC Garg told Zee Business.
The matter relates to allegations levelled by US-based short seller last weekend that Buch and her husband Dhaval Buch previously held investments in offshore funds also used by the Adani group—charges categorically denied by the couple—and suggesting a conflict of interest in her investigations surrounding the conglomerate due to such investments.
Wed, Aug 14, 2024
In response to Hindenburg Research’s allegations that Sebi Chairperson Madhabi Puri Buch and her husband held investments in offshore funds linked to the Adani group—claims the couple denies, experts are questioning the competence of the capital market regulator to investigate the matter.
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