The capital markets regulator SEBI said on Sunday that it has looked into all allegations related to the Adani group in the past and taken necessary action. This is the first reaction by the regulator to a recent report by US-based short seller Hindenburg Research.
The regulator, in a statement, said its Chairperson Madhabi Buch has made the necessary disclosures and also recused from such matters where a conflict of interest could arise.
It said that SEBI has given due consideration to the allegations brought out by Hindenburg against the Adani group and the last leg of its 26 active investigations into this matter is over.
Earlier, Buch and her husband, Dhaval, had shrugged off the allegations saying that the short seller is trying to discredit the capital markets regulator and resorting to character assassination of the chairperson.
Hindenburg Research insinuated that SEBI's reluctance to take action against the Adani group could be a function of Buch's alleged financial links with offshore funds associated with the conglomerate.
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