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𝐒𝐄𝐁𝐈 𝐇𝐢𝐧𝐝𝐞𝐧𝐛𝐮𝐫𝐠 𝐑𝐨𝐰: 𝐖𝐡𝐨 𝐢𝐬 𝐌𝐚𝐫𝐤 𝐊𝐢𝐧𝐠𝐝𝐨𝐧, 𝐭𝐡𝐞 𝐦𝐚𝐧 𝐮𝐧𝐝𝐞𝐫 𝐒𝐞𝐛𝐢 𝐫𝐚𝐝𝐚𝐫? An article in The Economic Times has brought to light significant allegations and insights into recent developments involving the Securities and Exchange Board of India (SEBI) and US-based research firm Hindenburg. In a detailed rebuttal to a show-cause notice, Hindenburg has accused Sebi of collusion and neglect, sparking a contentious debate on market integrity. Mr. Sumit Agrawal, Founder and Partner of Regstreet Law Advisors and a former Securities and Exchange Board of India (SEBI) Officer expressed policy debate about the notice, stating, "Taking action against a US-based entity like Hindenburg falls into a grey area due to jurisdictional limitations. Sebi can, however, collaborate with international regulatory bodies such as the US Securities and Exchange Commission (SEC) under mutual cooperation agreements within IOSCO to address any cross-border securities law violations. Potential Sebi actions like bans or fines as a preventive measure against further criticism of Indian companies would raise more questions for Sebi than resolve the issue." The article delves into the complexities, revealing insights into the allegations, including claims made in the rebuttal about agreements between Hindenburg and Mark Kingdon of Kingdon Capital Management LLC, which Sebi alleges may constitute market manipulation. Highlighting regulatory challenges, The Economic Times article discusses Sebi's stance that these agreements amount to unethical practices, potentially undermining market fairness and transparency. As this story unfolds, it underscores broader implications for regulatory frameworks and market participants alike, prompting a deeper examination of due diligence and oversight. Follow the link to read more: https://lnkd.in/gvXmPTyE Readers can send their views on info@regstreetlaw.com #SEBI #SecuritiesLaw #Regstreet #Hindenburg #MarketIntegrity #RegulatoryChallenges #SecuritiesRegulation #FinancialRegulation #AdaniGroup #GlobalEnforcement #SEBIAct #CorporateGovernance #FinancialMarkets #MarketManipulation #EthicalPractices #JurisdictionalChallenges #IOSCO #SEC #RegulatoryCompliance #EconomicTimes

The recent allegations by a short-seller against SEBI Chair Madhabi Puri Buch have sparked significant controversy. While the truth of these allegations will eventually come to light, we must consider the broader implications of such actions. When an outsider—one who is not even a citizen of the country—strategically releases reports based on assumptions, with the primary aim of benefiting from weakening public sentiment, it raises serious concerns. The impact on the stock market is real, and the losses suffered by investors, even if partially recouped, cannot be ignored. But beyond the financial implications, we must ask ourselves: how far should we allow such entities to influence and manipulate public opinion? The line between healthy skepticism and malicious intent must be clearly drawn, especially when the stakes involve the economic stability and confidence of a nation. It's time for regulators and the public alike to be vigilant against such "pure evil game plans" that seek to profit at the expense of collective trust and national interest. https://lnkd.in/dg2YYpKY #AdaniGroup #SEBI #StockMarket #InvestorAwareness #FinancialIntegrity #MarketManipulation #EconomicStability #CorporateGovernance #Regulation #PublicSentiment #hindenbergresearch

Hindenburg’s Allegations Against SEBI Chief: What It Means for India’s Markets Hindenburg Research, known for investigating companies, has recently accused the Chairperson of SEBI (Securities and Exchange Board of India), Madhabi Puri Buch, and her husband of having hidden stakes in offshore funds linked to the Adani Group. Hindenburg claims these funds were used for money laundering and stock manipulation. What Could Happen to India’s Markets? 1. Loss of Investor Trust: If people start to believe these allegations, it could make investors lose trust in India’s market regulator, SEBI. This could cause uncertainty and more market volatility. 2. Market Instability: Stocks, especially those related to the Adani Group, might see increased pressure, leading to broader market instability. 3. Impact on Foreign Investment: If global investors think that India’s market regulator is compromised, they might hesitate to invest in India, affecting the economy. SEBI’s Response Madhabi Puri Buch has strongly denied these allegations, calling them baseless. She assured that her financial dealings are fully transparent and publicly disclosed. SEBI has also reiterated its commitment to a fair and independent investigation into the Adani Group, stressing that it operates with integrity. What’s Next? The situation is still developing. If SEBI’s denial holds, it may calm the markets. However, if new evidence supports Hindenburg’s claims, it could lead to significant turmoil in India’s financial markets and raise serious concerns about the country’s regulatory framework. This ongoing issue is critical, and its outcome could have a lasting impact on India’s financial market stability and investor confidence. #indianmarket #sharemarket

"Chowkidar Hi Chor Hai?"—Hindenburg Research Sparks New Controversy Over SEBI Chief's Alleged Offshore Links The latest bombshell from Hindenburg Research has put the spotlight on SEBI Chairperson Madhabi Buch and her husband, alleging that they hold hidden stakes in offshore funds linked to the Adani Group’s financial misconduct. Hindenburg’s report claims that these offshore entities, reportedly used by Vinod Adani, are at the center of a massive funds siphoning scandal. The accusations have triggered a political storm, with the Congress party demanding immediate action to eliminate conflicts of interest within SEBI’s ongoing investigation of Adani. They are pushing for the establishment of a Joint Parliamentary Committee (JPC) to thoroughly investigate these allegations. According to Hindenburg, the Buch couple’s involvement with these obscure offshore funds raises serious questions about SEBI's impartiality and the transparency of its leadership. The research group also pointed out that SEBI’s past investigations into the Adani Group appeared to be unusually lenient, suggesting that personal interests might be influencing the regulatory oversight. In short, Hindenburg seems to be implying, "Chowkidar Hi Chor Hai?"—a phrase that once again raises questions about the integrity of those tasked with safeguarding our financial systems. Mahesh Jethmalani, however, has dismissed the report as a weak attempt to destabilize India's stock markets, calling it a "pathetic damp squib." He believes the true motive behind Hindenburg’s report is to target India’s market regulator rather than present new evidence against the Adani Group. So, what’s really going on? Is this a case of “Chowkidar Hi Chor Hai,” as some might suggest? Or is it a deliberate attempt to shake up India’s financial system? Only time will tell, but one thing’s for sure—this controversy is far from over. 🔍 #AdaniGroup #HindenburgResearch #ChowkidarHiChorHai

The Hindenburg conflict has significant implications for Indian investors and the SEBI Chief. Learn how this issue may impact the Indian market and the controversy surrounding the SEBI Chief's appointment. The Hindenburg conflict has sparked a series of events with far-reaching consequences. Firstly, it accused Adani of causing significant financial harm, leading to doubt among investors and a market crash. The implications on Indian politics and the SEBI Chief's association with Adani raise questions about transparency and trust in regulatory bodies. These controversies have triggered concerns about offshore business impacting the Indian market and the need for faith in investigative agencies. Additionally, there are serious allegations of fraud and illegal activities involving the Adani Group, demanding prompt and transparent action from regulatory authorities. The controversy has intensified with allegations of money siphoning and illicit actions, reiterating the importance of maintaining transparency and trust in regulatory bodies for market growth. It also sheds light on the role of foreign investment, tax havens, and their impact on India's economy and market stability. This video thoroughly explains the conflict, highlighting the need to understand the situation and its implications for Indian investors. What are your thoughts on the Hindenburg conflict's impact on Indian investors and the controversies surrounding the SEBI Chief? Share your views and insights in the comments!

If you read the below article you will see how the SARB and the National Treasury sabotaged the Sagarmatha listing on the NYSE. The listing had commitments of $400 million from international investors creating 5000 tech jobs for young people in SA.

#Hindenburgcase: Investors and partners, both domestic and international, must be rest assured that India's financial system is secure and transparent, says #AMFI in a statement. https://lnkd.in/g5QM4Pnr #Hindenburgreport #MutualFunds #SEBIChief #MadhabiPuri #AdaniGroup #SEBI

Is this the end of Adani? The latest Hindenburg Research report has shaken the Indian market, this time targeting the Securities and Exchange Board of India (SEBI) and its chairperson, Madhabi B. Hindenburg, previously known for its high-profile report on the Adani Group, now accuses SEBI of involvement in market manipulation and conflicts of interest. Hindenburg's new allegations suggest that SEBI, the Indian market watchdog, is compromised due to Madhabi B's past investments in complex fund structures linked to the Adani Group. The report claims that these convoluted fund structures—layered investments across various tax havens—were used to funnel money into Adani companies and manipulate the market. It also asserts that Madhabi B and her husband, Daval B, had investments in these funds, creating a conflict of interest. SEBI and Madhabi B have responded by denying these allegations. They argue that the investments were made before Madhabi B took her role at SEBI and that all investments were redeemed prior to her appointment. SEBI maintains that its investigations into the Adani Group were conducted transparently and without bias. The controversy has caused Adani Group stocks to drop significantly. The complex web of transactions exposed by the Hindenburg report, regardless of its veracity, highlights potential vulnerabilities in financial regulations and oversight in India. The situation underscores the critical importance of transparency and accountability in financial governance.

The Securities and Exchange Board of India (SEBI), on 30 April 2024, has approved a new regulatory framework to boost participation from non-resident Indians, overseas citizens of India, and resident Indians in foreign portfolio investors based in international financial services centres in India. These centres are regulated by the International Financial Services Centres Authority. “The flexibility for such increased participation shall be subject to certain conditions to manage regulatory risk,” said an announcement from the SEBI board meeting that approved the framework. 📲IBLJ is now on WhatsApp! Follow now: https://lnkd.in/gFfsSK4k 📩Sign up for our email newsletters here: https://lnkd.in/gaCDifmU      #iblj #india #capitalmarkets #finance #investment #regulation #inhousecounsel #business #legalprofession #lawfirms #lawyers #legal #law #lawdotasia

🚨Is SEBI's Credibility at Risk?🚨 I recently came across an article discussing some serious claims of conflict of interest involving the Securities and Exchange Board of India (SEBI), the backbone of India's financial markets. Chairperson Ms. Buch is under close examination after Hindenburg Research accused her of having financial ties to offshore (in tax havens like Bermuda and Mauritius) funds linked to the Adani Group—currently under SEBI investigation for supposed stock manipulation. These claims raise doubts about SEBI’s ability to conduct fair investigations. The article suggests that to protect the integrity of India’s financial regulatory system, Ms. Buch should step down to allow for a thorough and unbiased investigation. In a $5.3 trillion financial market, trust and transparency are essential.