Originally Published in Madras Courier
Editorial Note
India, home to one of the most prominent capital markets in the world, will find its credibility diminished when accountable institutions remain silent or complacent.
Hindenburg, the US forensic financial research firm that is also a short-seller, stirred a hornet’s nest with fresh allegations in the ongoing saga against the Indian Adani conglomerate. The latest is pertinent to the probity of the incumbent Securities and Exchange Bureau of India (SEBI) chairperson, Madhabi Puri Buch, and her conflict of interest in having links to obscure offshore funds used by the controversial Adani Group in the money siphoning scandal.