Hindenburg Report Sparks Political and Financial Turmoil in India
Adani Group, SEBI Chief, and Political Leaders Respond to Allegations of Regulatory Conflict of Interest
- 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.