A recent report by Hindenburg Research has raised concerns over alleged financial ties between the Chairperson of India's market regulator, Securities and Exchange Board of India (SEBI), Madhabi Buch, and her husband with Adani Group's offshore funds. The report claims that Buch had a 100% interest in an offshore Singaporean consulting firm before transferring the shares to her husband weeks after her appointment as SEBI Chairperson. The couple's investments were allegedly linked to associates of Vinod Adani, brother of Gautam Adani, who is chairman of Adani Group.

The report also highlights Buch's role in promoting Real Estate Investment Trusts (REITs) in India, an asset class that benefited Blackstone, where her husband is a senior advisor. The opposition has criticized SEBI for not investigating the Adani Group comprehensively, citing concerns over the regulator's handling of financial matters.

Source: https://www.wionews.com/india-news/hindenburg-report-alleges-market-regulator-chief-her-spouse-held-stake-in-adani-groups-offshore-funds-749068