Hindenburg Criticizes SEBI Chief Madhabi Buch Again: Short-Seller Claims Her Response Raises 'New Critical Questions'
Recently, the short-seller Hindenburg Research has once again attacked the SEBI’s Chairperson Madhabi Buch. This comes after Buch’s responses to earlier charges, which according to Hindenburg, have raised ‘new critical questions’ into SEBI’s regulatory role and its handling of corporate governance. Background of the Criticism Earlier this year, Hindenburg Research, which has in recent years published detailed reports on various Indian companies and regulatory shortcomings, has accused SEBI of not paying enough attention to numerous corporate governance and market integrity problems. These accusations have been made in respect of the general structure of laws and regulations and to particular cases which, in Hindenburg’s opinion, reflect improper activities of SEBI or its inactivity, in the event which ended in negative consequences for investors and stability of the stock market. Such criticisms were directed at Madhabi Buch who succeeded Rangarajan as the SEBI chairperson early of the...