Securities and Exchange Board of India (Sebi) Chief Madhabi Puri Buch stated on Friday that she had complied with all disclosure and recusal guidelines issued by the regulator.

In a personal statement, the head of India’s market regulator declared that all allegations against her were completely false, malicious, and derogatory.

Buch has faced criticism from Hindenburg Research and India’s opposition political parties for alleged conflicts of interest in investigations related to the Adani Group and other corporate entities.

Regarding the issue of conflict of interest with several listed companies, she stated that she has never dealt with any file involving Agora Advisory, Agora Partners, the Mahindra Group, Pidilite, Dr Reddy’s, Alvarez & Marsal, Sembcorp, Visu Leasing, or ICICI Bank at any stage after joining Sebi.

More to come…