Latest News SEBI Chief Madhavi Puri Buch Investment In Benami Fund And Link With Adani Scam
A new report from Hindenburg Research has come, we will discuss about SEBI chief Madhavi Puri Buch and her husband Dhaval Buch in this article
SEBI is a stock market regulatory body, its job is to monitor whether the investment coming in a company is transparent or Not From the allegations made by Hindenburg Research, it seems that SEBI chief Madhavi Puri Buch and her husband Dhaval Buz have alleged stake in a fund in Mauritius
This benami fund is related to the transactions of Adani Group. The Hindenburg report says in a way that Sebi’s job is to investigate the allegations whether the stock market has been tampered with by the Adani Group or not, but now people have also understood that Madhavi Puri Buz and Madhavi Puri Buch husband are involved in this benami fund called Afsor Fund
Sebi has been investigating the Adani case for more than a year, at one point So what if Sebi did not find anything from the investigation- Sebi lied to the Supreme Court as well. Madhavi and Dhawal Buch have issued a statement in a press conference that we strongly deny these allegations, there is no truth in it. Madhavi Puri Buch said that all our investments have to be disclosed to SEBI and we have always disclosed and we will have no hesitation in providing all kinds of financial documents to any agency or authority.
Aam Aadmi leader Sanjay Singh:-
Said Modi Adani are brothers and sold the country and ate the cream because 18 months ago a report of Hindenburg came which left the whole country and the world stunned. Sanjay Singh said that this report was saying that by gathering all the scamsters of the world and laundering money in India, Adani created fake companies and invested thousands of crores of rupees in the company and wasted the country’s money and Gautam Adani’s brother Vinod Adani wasted the country’s money by creating fake companies to increase the shares of companies to overvalue the shares of the company to increase the stock market in India. A company was formed and money was invested from abroad and the share price was increased and when small investors of India, common man and middle class people buy those shares at high prices, then after a few days the value of the shares decreases and the money of the common people is lost.
Madhavi Puri Buch said that if any6 agency asks for documents, she will provide them.
According To Indian Time, Hindenburg Research tweeted at 5:30 am that a big news related to India is going to come. In the last one and a half years, many investigative reports have come regarding the Adani Group in the media. It is SEBI’s responsibility to monitor the company’s accounts and transactions, tracking all relevant information about who is investing, where the money is coming from, and where it is going.
Congress leader Pawan Khera Said
That after the new revelations of Hindenburg, many new questions arise. Did the Government of India or the Prime Minister’s Office or Finance Minister Madhavi Puri Buch and her husband’s offshore company’s investment not be known? If they did not know, then what could be a bigger success than this? If they knew, then these top people of the government, be it the Prime Minister’s Office or the Finance Minister’s Office, are part of this conspiracy. The SEBI chairperson and her husband have investments in Gautam Adani’s companies in the offshore company. Still, the Government of India made her the SEBI chairperson. If there is any bigger failure than this, then can there be any bigger failure than this? There is no such thing, said Pawan Khera, that is why we demand a JPC, without a JPC, these questions cannot be answered
SEBI Had Sent A Notice To Hindenburg Research
And Asked For a Reply. In the month of July, Hindenburg made that reply public and said that we are doing this because we feel that we are doing it to silence and intimidate those people who are exposing the most powerful and corruption and fraud in India.
Madhavi Puri was asking for resignation from SEBI in the month of July itself. As long as he is in this position, he will keep raising questions about the Adani case and when he himself is accused, how will it happen without his resignation?
Then why did the government not accept the demand of JPC? The government would do something that would have revealed the truth. In one and a half years, no agency of India could expose that Hindenburg Research is a fraud.
Will the Modi government now be seen standing with SEBI? Understand the meaning of Afsor as benami. Such a company which is registered outside the country, whose owner is not known, in which there is no information about whose money is invested. Hindenburg Research has written in its report that the Adani Group does not have the fear of a regular institution. Its confidence is only shattered by the fact that SEBI Chief Madhavi Puri Buch and her husband Dhawal Buch have secretly taken stake in this Bermuda and Mauritius fund.
Hidenberg Research has said that the gist of the long story is this, the SEBI chief had the option of investing money in thousands of regular recognized and prestigious Indian mutual funds, but the SEBI chief and her husband invested money in anonymous funds in offshore funds. The company in which the money was invested is run by a director of Adani, who is allegedly used by Vinod Adani’s group in transactions.
On this, the Supreme Court had said that Sebi seems concerned with the question of who funded Adani’s offshore holders, but it is clear that no conclusion has been reached in its investigation. This conclusion should be investigated and presented as a clean chit for Adani, but now reports have come out that the Sebi chief himself has an account in the offshore fund. Would SEBI have lied to the Supreme Court? Hindenburg Research has said that if SEBI really wants to find offshore fund holders, then the SEBI chairperson should look at herself in the mirror. Hindenburg Research said that we are not surprised that SEBI does not want to pursue an investigation that would reach its own chief.
Aam Aadmi Party Leader Sanjay Singh Said:-
SEBI is saying that we are investigating 13 such cases, we are doing this, we are doing that and later we are saying that we do not know how far this investigation will go. This is a directionless investigation. SEBI said in the Supreme Court that some wrongdoing has happened but we cannot tell, we do not know who has done the wrongdoing.
After the new report of Hindenburg Research, SEBI chairperson Madhavi Puri Buch and her husband Dhaval Buch have invested about 10 million dollars in fake companies, which they were supposed to investigate, the companies they were supposed to investigate, the corruption cases which SEBI itself was supposed to investigate. If the Supreme Court said that you will investigate, then Madhavi Puri Why did Buch not tell us that we cannot investigate because our money and our husband’s money is already invested in these funds
Your Information Will Always Be Limited:-
A drama is going on in front of our eyes but you people are not aware of it. Who is pulling the puppeteer’s hand behind the curtain? You and I do not know. The dance of the puppet is so true that you assume that it is dancing on its own, no one is making it dance. Hindenburg Research has written that till date SEBI has not investigated the other shareholders of Adani. Their name is Em Researches Fund. In its first report, Hindenburg had identified these funds. Hindenburg Research had written that the activities of the fund suggest that the price or value of some of Adani’s listed companies was increased in a fraudulent manner. It may have been used to manipulate the share price. Till date, SEBI has not taken any action against this fund.
The main thing is that you people, we all pay taxes and give account of every penny to the government, but How courageous are these people, on what basis do they play such a big game? To hide money and to avoid tax, they open accounts in some other country. We citizens do not even know this.
How long will such reports be postponed in the name of denial? When will it be investigated in such a way that everyone’s trust remains intact? Every few months, reports related to this come and then it is forgotten. There is a lot in this report but we have left out some parts, just like we have left the condition of this country on our regular that now nothing can be done to such people.
Conclusion:- In this article, Hindenburg Research has written about Madhavi Puri Buch and her husband Dhaval Buch.If this thing of Hindenburg’s report is true, then there cannot be a bigger scam than this. SEBI’s job was to investigate fraud companies, but its chief has invested money in this anonymous fund, which is allegedly related to Gautam Adani. Hindenburg’s new report has given a blow to SEBI’s credibility. Now the government has no way except removing the Sebi chief and investigating. This is the most complicated case of independent India. And this is a huge scam, what is your opinion, please tell us by commenting, thank you