In the latest tweet from the US short-seller Hindenburg Research has levelled allegations against SEBI Chairperson Madhabi Puri Buch.
“Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal,” the tweet read.
In one complex structure, a Vinod Adani controlled company had invested in “Global Dynamic Opportunities Fund” (“GDOF”) in Bermuda, a British overseas territory and tax haven, which then invested in IPE Plus Fund 1, a fund registered in Mauritius, another tax haven, said Hindenburg citing documents recieved through a whistleblower.
“Madhabi Buch and her husband Dhaval Buch first appear to have opened their account with IPE Plus Fund 1 on June 5th, 2015 in Singapore, per whistleblower documents,” Hindenburg alleged citing documents.
By the time the copy was published, Financial Express.com has emailed SEBI for their response on the development.
Earlier on August 10, the short-seller research firm tweeted that something big is coming India’s way.