India Market Regulator Allegations
This is a US news story, published by BBC, that relates primarily to Madhabi Puri Buch news.
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other Indian regulatorsBBC
•Madhabi Puri Buch: Allegations mount against India market regulator Sebi amid bull run
73% Informative
Multiple charges, mostly around conflict of interest, have surfaced against Madhabi Puri Buch , chairperson of the Securities and Exchange Board of India (Sebi) She has denied most of them and not publicly responded to some of them.
Trouble for Ms Buch began in August when US -based short-seller Hindenburg Research accused her and her husband of holding investments in an offshore fund used by the Adani Group .
The Buch episode is a learning’ for other Indian regulators, says Shriram Subramanian of the proxy advisory firm InGovern Research .
For the moment, investors seem unperturbed by the events of the past month .
But things could take a turn for the worse if the controversy snowballs further.
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