Allegations against Adani duly investigated; Buch disclosed, recused when necessary: SEBI
Mumbai, Aug 11: In its first comments following a new report by US-based short seller Hindenburg Research, capital markets regulator SEBI on Sunday said it has investigated all the allegations against the Adani group.
Chairperson Madhabi Buch made relevant disclosures from time to time and recused herself in matters involving potential conflicts of interest, the regulator said in a statement.
The regulator also said that it has duly investigated the allegations made by Hindenburg against Adani, and said that last of its 26 investigations is nearing completion now.
Earlier, Buch and her husband Dhaval had termed the allegations baseless, and also said that the short seller is attacking the credibility of the capital markets regulator, and also attempting a character assassination of the chairperson.
Hindenburg Research alleged that it suspects SEBI's unwillingness to act against Adani group may be because Buch had stakes in offshore funds linked to the conglomerate.
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Davangere South bypoll: Congress ahead by narrow lead after 14th round
Davangere: The Congress candidate is leading in the Davangere South Assembly by-election after the completion of the 14th round of counting.
According to the latest figures, the Congress has secured 46,460 votes, while the BJP stands at 39,037 votes, trailing by 7,423 votes.
The SDPI candidate has polled 15,303 votes so far.
Counting is still underway, and final results are awaited.
