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Chairperson SEBI Madhabi Puri Buch is facing increasing scrutiny over her role in investigating allegations against the Adani Group. Reports suggest her alleged conflicts of interest and dissatisfaction with SEBI’s handling of the investigation could lead to her stepping down. Calls for her resignation are growing louder amid political and public outcry.
Tag: Madhabi Puri Buch
Gautam Adani to be Arrested for US Bribery and Fraud Scandal
The Adani Group, led by Gautam Adani, is in the crosshairs of a bribery and corruption case in the United States, with it increasingly likely that arrest warrants might be issued. Investigations by the U.S. Department of Justice (DOJ) and the Attorney’s Office for the Eastern District of New York are looking into claims of unlawful payments to officials abroad. The move comes after a Hindenburg Research report accused Adani of the crime of stock manipulation and fraud. Between criticism of the regulatory slack by SEBI, under Madhabi Puri Buch’s leadership, and its corporate governance and political connections, the case bodes ill for global markets and geopolitics.