The latest report from Hindenburg has raised eyebrows over a possible conflict of interest in the probe into alleged rigging of Adani Group stocks via offshore funds. Opposition parties are now up in arms against the ruling government under PM Modi. The US-based short seller has accused SEBI chief Madhabi Puri Buch and her husband Dhaval Buch of having stakes in offshore funds invested in the Adani Group. Congress leader Jairam Ramesh has called for a JPC probe based on these allegations. Trinamool Congress MP Mahua Moitra also demanded a CBI and ED investigation into alleged money laundering. Congress MP Manish Tewari has echoed these sentiments and called for a JPC investigation into the matter. The report has highlighted a potential conflict of interest, leading to calls for a detailed examination of the issue. The controversy surrounding Gautam Adani, who is closely linked to the ruling establishment, has attracted attention. In January 2023, Hindenburg accused Adani of inflating stock prices using offshore funds, leading to a Supreme Court investigation. After a severe stock drop, the shares finally regained their value in May 2024. Forbes estimates Adani’s net worth at $84 billion. #HindenburgReport #SEBIchief #OppositionParties #AdaniGroup #ConflictOfInterest #Probe #CBI #ED #JPCInvestigation #GautamAdani #ForbesEstimate #CronyCapitalism
https://www.cnbctv18.com/india/politics/adani-group-hindenburg-report-on-sebi-chief-congress-mahua-moitra-react-19458106.htm