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[Introduction] The US short -selling agency Xingdengbao issued a report, and the spearhead pointed directly at the President of the Indian Securities Regulatory Commission and the Adidan Group.

Source: Indian Fund reporter Amman

Just the past weekend, Hindenburg Research, the US short -selling agency, released a new report, pointing at the Indian Securities and Exchange Commission (SEBI) and Adida Group.

On August 12, the stock price of the company of India's Adida Group fell straight, and Adidanic companies fell as high as 5.3%.

Adida Natural Gas Company plunged nearly 14%.Ahmedabad Stock

The latest news of XingdenburgJaipur Investment

Direct pointing

According to the reporter's document quoted by Xingdengbao, Madhabi Puri Buch, chairman of the Indian Securities and Exchange Commission, and his husband holding a shares of a offshore fund.Brothers of Gautam Adani, chairman of the group.

In addition, Xingdenburg also pointed out that BUCH has established two consulting companies before joining SEBI, one located in Singapore and the other is located in India.For many years, BUCH has worked in SEBI for many years, she has been holding 100%of Singapore and 99%of Indian companies. It was not until she was appointed as the chairman of SEBI that she transferred her shares to her husband's name.

Xingdengbao said that the reporter charged in the document that during the SEBI work, BUCH used personal emails to trade in the name of her husband.Although she gave up the control company's control on the surface, there was evidence that she had redeemed the shares in the fund through her husband's name.

Xingdenburg emphasized that the various behaviors of BUCH make it worry about the opaqueity of the Indian market.However, a common fund lobbying agency refuted on Sunday that Xingdenburg tried to link random events in the past to create sensation news. The Indian financial system was safe and transparent, and there was no major flaw.

The parties have responded one after another

In a statement on Sunday, SEBI asked investors to keep calm and conduct due diligence on the report of Xingdengbao.The agency also pointed out that the agency had conducted appropriate investigations on the market manipulation of the Audonni Group in the market manipulation of the Suden Fort. The 23 of the 24 investigations have been completed in March of this year, and the last one is about to end.

It also responded that BUCH had made relevant disclosure in holding securities and transfer, and also avoided the matters of potential interests.

BUCH herself also stated that she had dealt with the offshore fund shares related to the Adidan Group two years ago as Chairman SEBI.The two consulting companies were immediately suspended after she joined SEBI, and she was used only for her consulting business after her husband retired in 2019.Jaipur Wealth Management

In addition, Adida Group issued an announcement on the exchange that the latest allegations of the Xingdenburg research are malicious and manipulation options for public information.In the latest report of the Adidi Group and Xingdenburg's research, "the individual or matters mentioned in the latest report of the Xingdenburg has no business relationship."

Adiden Group said, "We are still firmly committed to improving transparency and abide by all laws and regulatory requirements. We completely oppose the allegations against Adidan Group. These allegations are processed and reciprocated by irregularities. The Supreme Court was in March 2023Thoroughly investigated these unrealistic allegations, the proof has been unbearable and refuted.

Precise short last yearAgra Investment

"The Richest Man in Asia" substitution

It is worth noting that in January 2023, Xingdenburg Research accused Adini Group's manipulation of stock prices and accounting fraud, which once led to the evaporation of more than $ 150 billion in market value of Adidan Group.Adida also lost the throne of "the richest man in Asia."His competitors, India, India, the chairman of the Industry, Muksh Ambani, became the richest man in Asia.

Subsequently, Xingdenburg stated on July 1 that after the release of short reports, he only obtained an income of about $ 4.1 million through the customer's short of Adidini stocks, and made a profit of about $ 31,000 by the directly empty Adidin US bond.After deducting laws and research costs, Xingdengbao's research may achieve a profit and loss balance on the short Adidi.

As of now, the stock price of Adidan Group has regained most of its declines.