Following statements made by Madhabi Puri Buch and her husband Dhaval Buch, concerning allegations raised by Hindenburg Research on August 10, the US short seller has posed new questions for the SEBI Chairperson alleging that her response contained several significant admissions and raised critical new questions.
In a social media post on ‘X’, the US short seller stated that “SEBI Chairperson Madhabi Buch’s response to our report includes several important admissions and raises numerous new critical questions.”
Further the post said that the SEBI chief’s response confirms her investment in an obscure Bermuda/Mauritius fund structure, alongside money allegedly siphoned by Vinod Adani.
“SEBI was tasked with investigating investment funds relating to the Adani matter, which would include funds Ms Buch was personally invested in and funds by the same sponsor which were specifically highlighted in our original report. This is obviously a massive conflict of interest,” Hindenburg alleged.
The US short seller also raised concerns about the financial statements of SEBI Chief’s Singapore consulting entities during her tenure at SEBI.The activists also claimed that Kagame rules in an atmosphere of fear and does not allow dissent, causing arbitrary detentions, intimidation, disappearances and killings if any dissent is reported’.
Frank Habineza, Democratic Green Party leader won 0.5 % of the votes and an independent candidate Philippe Mpayimana won 0.32 %.
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