India's market regulator is asking investors to exercise due diligence before reacting to fresh allegations by a US-based short seller.
Hindenburg Research has accused the head of India's market regulator of conflicts of interest relating to the Adani Group.
They say SEBI's chief Madhabi Puri Buch and her husband invested in offshore funds also used by the Indian conglomerate.
Neha Poonia has more.
In: 'SEBI, India's market....'
Out: SOC
Dur: 41 secs
http://www.fsnradionews.com/feeds/0812SEBIStatement-np.mp3
It's also become a political issue with India's main opposition leader Rahul Gandhi demanding the SEBI chief resign but Prime Minister Narendra Modi's party has hit back. It says this is an attempt by 'global forces' who are working in collusion with the opposition to 'hinder India's progress'
In: 'Rahul Gandhi...'
Out: SOC
Dur: 40 secs
Hindenburg Research has accused the head of India's market regulator of conflicts of interest relating to the Adani Group.
They say SEBI's chief Madhabi Puri Buch and her husband invested in offshore funds also used by the Indian conglomerate.
Neha Poonia has more.
In: 'SEBI, India's market....'
Out: SOC
Dur: 41 secs
http://www.fsnradionews.com/feeds/0812SEBIStatement-np.mp3
It's also become a political issue with India's main opposition leader Rahul Gandhi demanding the SEBI chief resign but Prime Minister Narendra Modi's party has hit back. It says this is an attempt by 'global forces' who are working in collusion with the opposition to 'hinder India's progress'
In: 'Rahul Gandhi...'
Out: SOC
Dur: 40 secs