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Hindenburg Research is again in the news, this time with allegations against the chairperson of the Securities & Exchange Board of India Ms Madhabi Buch. It claims that she and her husband had invested in a fund that was founded by a former director at Adani Enterprises. The US-based shortseller points to a conflict of interest.
While both she and her husband have denied any opacity in their dealings, SEBI has also said that Ms Buch had been making disclosures from time to time and that when necessary, she had recused herself from decisions to avoid conflict of interest.
We spoke to TT Ram Mohan, former Professor of Finance and Economics at IIM-Ahmedabad. He says that given that this is the chair of the markets regulator, it is important to ensure that due process has been followed and that appropriate disclosures have been made.
(Host: K Bharat Kumar, Producers: Rowan Barnett, Anjana PV, Siddharth Mathew Cherian)
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