The investment in the fund referred to in the Hindenburg report was made in 2015 when they were both private citizens living in Singapore and almost 2 years before Madhabi joined SEBI as a Whole Time Member.
Kharge said, "A Joint Parliamentary Committee (JPC) inquiry is imperative to investigate this massive scandal."
The Adani Group further clarified that it has "absolutely no commercial relationship with the individuals or matters mentioned in this calculated, deliberate effort to malign our standing."
The new Hindenburg report alleged that the Buchs held hidden stakes in offshore entities linked to the Adani Group.
