Hindenburg Research Drops Another Bombshell, Alleges SEBI Chairperson Madhabi Buch and Her Husband Dhaval Buch Had Stakes in ‘Obscure Offshore Entities Used in Adani Money Siphoning Scandal’

Hindenburg Research today, August 10 said that the whistleblower documents have revealed that SEBI’s Chairperson Madhabi Buch and her husband Dhaval Buch had a stake in the obscure offshore entities used in the Adani money siphoning scandal. The revelations by Hindenburg Research comes a day after the US-based short seller dropped a cryptic message stating "Something big soon India" in a post on X. "What we hadn’t realized: 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," the report by Hindenburg Research said. In another statement in the report, Hindenburg said that Madhabi Buch and her husband Dhaval Buch appear to have opened their account with IPE Plus Fund 1 on June 5, 2015 in Singapore. The report also claimed that couple's net worth is estimated to be USD 10 million. Hindenburg Research Shares Cryptic Post: US Short Seller’s ‘Something Big Soon India’ Message on X Hints at Possible New India-Centric Report Post Allegations Against Adani Group.

SEBI Chairperson Madhabi Buch and Her Husband Had Stakes, Alleges Hindenburg Research 

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