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Hindenburg Report Sparks Political and Financial Turmoil in India

Adani Group, SEBI Chief, and Political Leaders Respond to Allegations of Regulatory Conflict of Interest

Overview

  • Adani Group dismisses Hindenburg's allegations as recycled and baseless, citing previous Supreme Court rulings.
  • SEBI Chairperson Madhabi Puri Buch and her husband deny any wrongdoing, calling the report a character assassination attempt.
  • Indian market regulator urges investors to remain calm and exercise due diligence.
  • Political leaders from BJP and Congress exchange accusations over the report's implications.
  • Adani Group's market value sees significant fluctuations, with billions wiped off and partially recovered.