India

Lokpal dismisses complaints against former SEBI chief Buch over Hindenburg allegations

untitled design 96 1748443395The anti-corruption ombudsman Lokpal has dismissed multiple complaints alleging impropriety and conflict of interest against former SEBI chairperson Madhabi Puri Buch, concluding that the accusations lacked substantiated evidence. These complaints were primarily based on a report published by Hindenburg Research, which the Lokpal described as relying on “presumptions and assumptions” rather than “verifiable material”.

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