ZisNews - Breaking News & Updates

LOkpal on wed has presumption a strip chit to former SEBI chief Madhabi Puri Buch on engraft allegations against her based on a paul ludwig von beneckendorff und von hindenburg report, stating that the claims were “bordering on frivolity," reported PTI.The anti-corruption body stated that allegations against the former SEBI chief were untenable, unsubstantiated and borderline frivolous. They termed the charges as “presumptions and assumptions” which were not supported by any verifiable information.Also Read: Finance secretary Tuhin Kanta Pandey appointed as SEBI chairmanThe Lokpal said that the complaints against Madhabi Puri Buch, including the one by TMC MP Mahua Moitra, filed last year were founded on a report by "a known short seller trader whose focus was to expose or corner Adani Group of Companies".While disposing the complaints, the six member bench led by Lokpal chairperson Justice A M Khanwilkar stated that the Hindenburg report could not be the sole basis to demand action against Buch.Also Read: HC stays order to register FIR against ex-Sebi chief Madhabi Puri Buch, 5 othersBuch, who took over as the chief of the Securities and Exchange Board of India (SEBI) on March 2, 2022, resigned from office on February 28, this year after the completion of her tenure.In November, last year, the anti-corruption ombudsman had demanded Buch's explanation for complaints against her.Also Read: Court orders FIR against ex-SEBI chief Madhabi Buch over stock fraud allegationThe Lokpal noted that five allegations against Buch had been presented during the oral arguments and in the written notes/submissions by the complainants, before they were finally dismissed due to a lack of proof.Hindenburg report allegations against former SEBI chiefIn its report published on August 10, 2024, Hindenburg Research alleged that Buch and her husband had stakes in obscure offshore funds used in the alleged money-siphoning scandal involving the Adani Group.Buch and her husband had had denied the allegations saying the short-seller was attacking the capital markets regulator's credibility and attempting a character assassination.The Adani Group had also termed the allegations as malicious and manipulation of selective public information.Hindenburg Research's founder Nathan Anderson had announced the firm's closure in January this year.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Ex-SEBI chief Madhabi Puri Buch gets Lokpal clean chit on Hindenburg allegations

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News