Must-Read

Hindenburg Report Corruption Allegations: Lokpal clean chits Ex-SEBI Chief Madhabi Puri Buch

Update / Judgement Date

29 May 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

SEBI & SCRA

Lokpal clears ex-SEBI chief Madhabi Puri Buch in Hindenburg report corruption allegations, affirming regulatory integrity. The Lokpal, India's anti-corruption ombudsman, has given a clean chit to former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch. The allegations of corruption stemmed from claims made in the Hindenburg Research report, which accused the Adani Group of stock manipulation. The Lokpal dismissed the complaints as "untenable, unsubstantiated, and bordering on frivolity," finding no credible evidence to support the claims of misconduct during her tenure. This clearance affirms the regulatory integrity of the former SEBI chief.

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Hindenburg Report Corruption Allegations: Lokpal clean chits Ex-SEBI Chief Madhabi Puri Buch

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