UBT leader Priyanka Chaturvedi cites SEBI’s silence as Hindenburg links chairperson to Adani scandal

On Saturday, Shiv Sena (UBT) leader Priyanka Chaturvedi remarked that the reason SEBI did not respond to her requests for information on Adani group companies has now become clear.

Shiv Sena (UBT) leader Priyanka Chaturvedi commented on Saturday that the reason behind SEBI's failure to respond to her requests for details on Adani group companies has become apparent.

Her statement followed claims by US short-seller Hindenburg Research that SEBI Chairperson Madhabi Buch and her husband held stakes in obscure offshore funds implicated in the Adani money siphoning scandal. Chaturvedi had initially sought information regarding the probe into Adani group companies in April of the previous year.

"Now we know why our letters went unanswered and unacknowledged," she said in her reaction.

Shiv Sena UBT spokesperson Anand Dubey said the Hindenburg Research's report suggests the involvement of the SEBI chief in the matter.

Follow Moneycontrol's LIVE blog on Hindenburg Research Report here.

"Now the question is who will investigate the matter. The way the Parliament session was concluded...there is a sense that something is wrong," Dubey said.

In a blog post, Hindenburg said 18 months since its damning report on Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." Citing "whistleblower documents", it said, "Madhabi Buch, the current chairperson Of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani money siphoning scandal."

(with PTI inputs)