The Sebi chief has ’strongly‘ denied Hindenburg’s fresh allegations terming it ‚baseless insinuations‘ which is ‚devoid of any truth‘
In a statement, the Sebi chief has “strongly” denied the allegation terming it “baseless insinuations” which is “devoid of any truth.” This is not the first time Sebi and Hindenburg have hurled accusations at each other.
On June 26, Sebi had slapped show cause notices (SCNs) on Hindenburg Research, its founder Nathan Anderson, and four others. In the notice, the regulator had alleged Hindenburg had made misleading disclosure as a scheme to profit from short-selling.
In the SCN, the market regulator said it has also observed that the Hindenburg report contained certain misrepresentations and inaccurate statements.
