U.S. federal prosecutors allege Gautam Adani and seven others agreed to pay over $250 million in bribes to Indian government officials, to lie to investors and banks to raise billions of dollars.
Short seller raises more questions related to Madhabi Puri Buch's investments or business engagements through her husband while serving in an official capacity
Investors may also like to take note of the disclaimer that states that readers should assume that Hindenburg Research may have short positions in the securities covered in the report, says SEBI.
"The seeming complicity of the highest officials of the land can only be resolved by setting up a JPC," says Congress leader Jairam Ramesh on Hindenburg Research allegations.
SEBI’s lack of mention of Kotak or any other Kotak board member may be meant to protect yet another powerful Indian businessman from scrutiny, says U.S. short seller