Hindenburg has accused the Sebi chief of holding a stake in offshore entities connected to Adani.

A year and a half after accusing billionaire Gautam Adani of orchestrating the “largest con in corporate history,” Hindenburg Research has made another major claim. On Saturday, they alleged that Sebi Chairperson Madhabi Puri Buch held stakes in offshore funds associated with the Adani conglomerate.These allegations have sparked concerns about possible conflicts of interest within the regulatory system.