Investors should not panic, SEBI said- do not get trapped in the confusion of Hindenburg report

: Market regulator SEBI has rejected the Hindenburg report and advised investors not to panic at all. They need not be confused by the Hindenburg Report. In a statement issued before the market opened on Monday, SEBI said on Sunday that Chairperson Madhavi Puri Buch has been providing all the necessary information from time to time. She had distanced herself from matters related to potential conflict of interest even before becoming the chairperson.

23 investigations were completed against Adani Group, nothing was found

SEBI said that we have completed 23 out of 24 investigations after the allegations leveled against Adani Group last year. The allegations made in the last report have not been proved. Now the allegations being made against Blackstone are also wrong. SEBI told investors that they do not need to worry about such reports. They should also read the disclaimer of the Hindenburg report. SEBI has prepared a complete framework on issues related to conflict of interest. In this, information has to be given about the holding and transfer of securities. SEBI Chief has followed all these rules.

More than 300 documents of 12 thousand pages were scrutinized

Talking about the investigations started after the last report, SEBI said that the Supreme Court had also clarified the situation in its order. Only one investigation is still going on, which will be completed soon. We had issued more than 100 summons. Along with this, 1,100 letters and emails were also sent. Apart from this, more than 100 times, help was sought from domestic and foreign regulators and agencies on this issue. Also, more than 300 documents of 12 thousand pages were scrutinized to investigate the allegations of the last time.

REIT rules were approved by the SEBI board after consultation

The Hindenburg report alleges that changes in REIT rules were made to benefit Blackstone. Madhabi Puri Buch’s husband Dhaval Buch works as an advisor. On this, SEBI said that the SEBI board had changed these rules based on the opinion of the people. SEBI said that we have created a transparent framework. This is not to benefit anyone. SEBI’s objective is to benefit investors.

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