US EditionLokpal Gives Clean Chit to Madhabi Puri Buch in Hindenburg Case
- On May 28, 2025, the Lokpal dismissed all three complaints targeting Madhabi Puri Buch, the ex-chairperson of SEBI, related to allegations stemming from the Hindenburg Research report.
- The complaints, filed last year and including one by MP Mahua Moitra, were grounded on a report by US short-seller Hindenburg Research targeting the Adani Group.
- The Lokpal bench led by Justice A.M. Khanwilkar reviewed allegations of undisclosed investments and undue advantage but found them unsubstantiated and bordering on frivolity.
- The Lokpal dismissed the complaints, stating that the charges were largely based on conjecture and lacked credible evidence, and therefore, decided against initiating an investigation.
- The disposal grants a major relief to Buch and the market regulator, indicating no further legal proceedings will follow from these complaints.
18 Articles
18 Articles
"Not An Iota Of Credible Evidence": Lokpal's Clean Chit To Ex-SEBI Chief
Anti-corruption ombudsman Lokpal on Wednesday disposed of complaints alleging impropriety and conflict of interest against former SEBI chief Madhabi Puri Buch based on a Hindenburg Research report, terming the charges as "presumptions and assumptions
Lokpal disposes of corruption complaints against former SEBI chief Madhabi Buch
The Lokpal on Wednesday disposed of complaints of alleged financial irregularities against former Securities and Exchange Board of India chief Madhabi Puri Buch based on a report by American short-seller Hindenburg Research, PTI reported.The anti-corruption ombudsman concluded that the allegations in the complaints were based on “presumptions and assumptions and not supported by any verifiable material”.The Lokpal added that the complaints, incl…
Lokpal dismisses complaints against former SEBI chief Buch over Hindenburg allegations
The anti-corruption ombudsman Lokpal has dismissed multiple complaints alleging impropriety and conflict of interest against former SEBI chairperson Madhabi Puri Buch, concluding that the accusations lacked substantiated evidence. These complaints were primarily based on a report published by Hindenburg Research, which the Lokpal described as relying on “presumptions and assumptions” rather than “verifiable material”. In its order released on We…
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