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Sunday, Jun 22, 2025
The Hindenburg Research launched a broadside against market regulator SEBI chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal.
Hindenburg also said Kotak Bank created and oversaw an offshore fund structure that was used by its 'investor partner' to bet against the Adani.
73 people died in Muthalapozhi in the last eight years, and 29 of them right in the mouth of the estuary.
Tells PM to instruct CBI, ED to probe Ambani, Adani.
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favourable treatment on an energy project, the report said.
Gautam Adani has failed to keep his promise of getting a ship to berth at Vizhinjam International Seaport.
A bench of Justices Aniruddha Bose and PV Sanjay Kumar was upset with the listing issue.
Jairam Ramesh hit out at Adani and said that "truth dies a thousand deaths when we hear Satyameva Jayate from those who have gamed, manipulated and subverted the system this past decade".
The report added that the key listed companies in the group had "substantial debt" which pushed the business conglomerate to an unstable financial footing.
The plea claimed the allegations that the Adani Group, considered close to the Modi government, inflated its share prices.
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