“Sebi has given a statement. The chairperson has also made a statement… There is nothing further to be added by the government,” Seth said.
On Sunday, Sebi and Buch rebutted fresh allegations made by New York-headquartered Hindenburg Research in the Adani matter.
In a new report on Saturday, Hindenburg questioned the delay in the Adani probe and Sebi’s objectivity, alleging that Buch and her husband, Dhaval, were conflicted parties because they had invested in a fund that was allegedly used to inflate the stock prices of the Adani group.
Besides raising concerns over the use of a foreign fund structure, the US short-seller also accused the Indian securities regulator of promoting real estate investment trusts (REITs) due to Dhaval Buch’s association with private equity major Blackstone, a large investor in the domestic realty space.
Both Sebi and the Buchs issued separate statements rebutting all the allegations, terming them baseless and an attempt at character assassination.
Hindenburg had issued a report on the couple’s investments in IPE Plus 1 Fund, a Mauritius-based segregated fund under the Global Dynamic Opportunities Fund (GDOF) managed by IIFL Wealth, now 360-One.
However, 360-One WAM stated on Sunday that its IPE Plus Fund 1, in which the couple had invested, did not make any direct or indirect bets on the shares of the Adani group during its tenure.
The Adani group termed the latest allegations a red herring, describing them as malicious, mischievous, and manipulative.
The opposition INDIA bloc has demanded a joint parliamentary committee probe into the allegations made by short-seller Hindenburg.
“Sebi has given a statement. The chairperson has also made a statement… There is nothing further to be added by the government,” Seth said.
On Sunday, Sebi and Buch rebutted fresh allegations made by New York-headquartered Hindenburg Research in the Adani matter.
In a new report on Saturday, Hindenburg questioned the delay in the Adani probe and Sebi’s objectivity, alleging that Buch and her husband, Dhaval, were conflicted parties because they had invested in a fund that was allegedly used to inflate the stock prices of the Adani group.
Besides raising concerns over the use of a foreign fund structure, the US short-seller also accused the Indian securities regulator of promoting real estate investment trusts (REITs) due to Dhaval Buch’s association with private equity major Blackstone, a large investor in the domestic realty space.
Both Sebi and the Buchs issued separate statements rebutting all the allegations, terming them baseless and an attempt at character assassination.
Hindenburg had issued a report on the couple’s investments in IPE Plus 1 Fund, a Mauritius-based segregated fund under the Global Dynamic Opportunities Fund (GDOF) managed by IIFL Wealth, now 360-One.
However, 360-One WAM stated on Sunday that its IPE Plus Fund 1, in which the couple had invested, did not make any direct or indirect bets on the shares of the Adani group during its tenure.
The Adani group termed the latest allegations a red herring, describing them as malicious, mischievous, and manipulative.
The opposition INDIA bloc has demanded a joint parliamentary committee probe into the allegations made by short-seller Hindenburg.
