SEBI, Hindenburg and Adani: Missteps in Managing a Credibility Crisis
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- Опубликовано: 10 сен 2024
- In this video, Sucheta Dalal delves into the controversies surrounding SEBI’s investigation into the Adani Group, particularly in light of the explosive revelations by Hindenburg Research. The video explores the serious allegations against SEBI Chairperson Madhabi Puri-Buch, questioning her integrity and the transparency of the regulatory body. With India’s credibility as a key global market at stake, this discussion highlights the need for a thorough and independent investigation to restore confidence in the regulatory framework.
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Well put Mam! Too much out in the open to ignore.
Please create a podcast with madam on this 😊
Bahut dard hai ree
bhai if you open your mouth and utter a share name then you are gone. shut up otherwise Respected Madam Ji will close your YT channel.
we need good investigative journalism these days all are suppressed
then you will be traitor
Agreed. Unfortunately all are sold out.😂😂😂😂
It used to be before, Nowadays the culture of investigative journalism just went away world-wide
@@ashokanand5423 Sold Out or Coerced. But we all will have to pay for someone else misdemeanor.
@@ashokanand5423 Including the author!
There are so many conspiracy theories....."Deep state" involvement, Soros-gang, anti-India forces, India's opposition political parties' enthusiasm in this issue.....
.....SEBI chairman's possible conflict-of-interest has become a very minor issue.....
Mohandas Pai, I hope you’re listening to this with your usual silly grin. Sucheta Dalal is spot on, as usual.
In a program on another you tube channel, Mr. Pai was simply dismissive of everything. He is surely a bhakt. If he has grain he should counter Ms. Dalal point wise.
When Mr Pai said he was disappointed with Budget, Infosys got tax notice. He backtracked on his comments and praised our PM.
He is for Personal benefit than telling the truth.So Pai supports Modi may be afraid of raid otherwise
I have been following you for a long time and appreciate the work you do in exposing frauds. This one is also very good highlighting the various flaws in our system.
Much appreciated
Agreed, Madam, FM should have issued clarification. That would have been beyond doubt.
Why not an investigation, what are they afraid of?
Hindenberg is an American agency, they don't give a damn to the show cause notice
@rajx7120 So if Hindenberg doesn't reply to show cause notice, does it mean all is well in SEBI?
Because it involves savings of millions of poor/ retail investors of India.
@rajx7120 also, they are a u.s. company and unfortunately we are now known for judge shopping
This will reveal Modi's blind eye to Adani.
@@SG-hs1fg Yes, after 2014 we are slaves of Modani.
Thanks for such a good exposure of SEBI Chief .
Agree with you.
There should be a transparent ,fare and fast investigation under supervision of hon SCI.
God save middle class retail investors. SEBI must think of them honestly.
Facts of the case :
1. SEBI Chief says the investment in offshore fund IPE Plus Fund1 was made because Anil Ahuja, who is a childhood friend of her husband, recommended the investment and was the Chief Investment Officer (CIO) of the fund.
2. Anil Ahuja was also on the board of several Adani Companies when the investment was made.
3. An offshore fund does not fall under Indian jurisdiction and to that extent the risk is higher.
4. Her investments were in tax haven (such as Barbados and Mauritius) and surely SEBI Chief with her experience must be aware that most such entities in tax havens have skeletons in the cupboard and are involved in money laundering.
I'm sure that as a rational investor SEBI chief would have expected higher returns from such as investment due to higher risk involved. On what basis did she expect higher returns which justified the investment in an offshore fund. Just because Anil Ahuja was a friend cannot be the basis on which any rational person would invest a substantial portion of the investment in a risky asset.
I smell something rotten.
Rotten smell will be vanished by arrest of Rahul Gandhi
Useful summary . Helpful.
Vahi toh... "dost ne bola isliye invest kar dia"😂.... bhai aajkal toh retailers bhi thoda bahut soch vichaar kar lete hai invest karne se pehle...aur ye Itne bade position pe hoke aise hi kisi ke bolne pe invest kar degi?
Exactly 💯...well pointed out!
@@SG-hs1fg Any investigative reporter looks for patters. When they raise the buzzer on patterns, without initial quantification, it may sound all 'plausible' . But a few years down the the line, when there is a loss that is quantifiable, thats when auditors, courts etc trace the lost money.
In hindsight, the summary for the moment may not have been well substantiated with quantifiable data. However, the points are relevant.
I prefer to not discuss, further at this moment. Thanks.
Dear bhakts, before you come and blabber against Sucheta Dalal, remember that she's the same journalist who exposed the Harshad Mehta Scam.
Those days were way different than today. Not only her, bunch of investigative journalists back then showed bravery and did so wonderful job. They exposed match fixing, D company etc during 90s
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
That does not she never can be influenced or is A SAINT
Excellent investigative journalism
Serious breach of trust in the indian financial market
toh kahan nahi hai hai. upsc, iit, politics, infra, rwa, railways, hospitals, road
@@vikassingh-ll2jv absolute vile country I'm glad I'm leaving soon
Finally got viewpoint from Sucheta dalal which I had been waiting for
Thank You .I'm glad you found the information helpful
Investigation should be done in a fair way. This will clear cloud of doubts.
Only after Modi leaves PM post
Was eagerly awaiting your response as an expert!
The silence on the part of Govt till now will only destroy credibility.Time that SC takes cognisance and ensures a quick time bound investigation.
Sorry friend even the SC is compromised.
Silence is well known thanks to Modi.
He is the master designer corruption like this.
Seems if the sebi is run under questionable integrity characters Madhabi buch, we might have to demand for a credit gurentee fund, for equity investments too ,like FD products.....and yes we cannot have compromised individuals in such pivotal position.
Brilliant analysis and delivery
Who validated SEBI communications?
Appreciate your kind words.
We need an investigation
Great insights. SEBI chairperson seems to have a different set of rules for everyone but herself
SEBI should hire you in Investigation panel
Forget Bro. You are talking about the impossible
The only requirement is to play delay game and not do any investigation. How will mam fit
Now the genuine responsibility lies on the shoulders of the opposition in the parliament.
The tragedy is that opposition is no better.it could be even worse with them.
Madam, Appreciate your perspective on how to handle the situation ?.
From other channels...It is shocking to hear the views from a well know professor/financial groups too …..saying..."who are they to talk about INDIA".....and most of them support them too.
You're welcome
When I first heard the news about new HINDENBURG report and learned how serious the allegation was, my immediate reaction was this is Armageddon. This should crumble the markets. But my friends who actually work in the markets, laughed at me and explicitly said "kuch nahi hoga". This made me think, how deeply corruption and acceptance of corruption under the mask of nationalism is ingrained into our psyche. The one who raises a voice or a concern is either laughed at or called 'Anti-national".
Did you even read the reports? The allegations are of something from the past, which holds no value now. It's something like, you knew Vijay Malliya Or did business with him before he flee to UK.
NOW, after a few years after he flees, I am blaming you for being a culprit too just because you knew each other at some point in time.
What a Stupidity?
Btw, I am not against transparency or accountability but these reports are totally intentional for disrupting the Indian market and earn them profit through short selling.
Ironically, some people from our own country are involved. Not everything is corruption. Market works on perception and people clearly saw through this one unlike last time.
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
What is your real name? Hiding behind a synonym
Nice analysis. Why not a probe ❓
Some people are suggesting, and I merely quote "The SEBI chief should resign..."
The Adani offshore manipulation first surfaced in 2020 - we noticed it - it was in the news briefly for a couple of weeks but was quickly hushed down. The oft publicized barometer is Adani’s net worth - it briefly dipped from $22 billion to about $15 billion but quickly came back when it became evident there would be no SEBI inquiry.
It seems to me that under Modi, top people may do anything, as long as they sing his praises!😢
Thanks for making an episode on this burning issue. The Modi Government is looking the other way as usual.
Like Manipur ?
This is very disturbing even for Bjp voters. This is not done.
Nothing disturbs BJP voters, they vote for hatred and hatred is permanent @@vking4535
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
@@vking4535Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
Good work suchita ji 😊😊
Very well said Mam, hope there will be un biased enquiry and the truth will come out soon, I support the oppositions for JPC enquiry in this scam.
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Your comments are along expected lines Desmond 😂😂
FIIs are probably already well-aware of the Modi-Adani nexus and the impotence of SEBI.
They are silently pulling out
Any doubt, why there is massive net outflow of FII in last 20 months.
Yeah sadly the regulatory framework is compromised.
@@Vaibhavpandey2 absolutely. I fear this bubble is going to burst anytime now.
@@OceanstaHopefully the small investors do basic fundamentals due d and exit in time. But looking at the narrative they are pumping in more money just going by sentiments driven by tv channels and political parties. May the sense prevail.
Why is the BJP giving a clean chit to the SEBI official and Adani without a Enquiry
That is the way bjp works !!
Who finances Modi & BJP ?? It is quid pro quo !!
BJP will do, what will suit them financially and electorally. It does it in a most Shameless Manner.
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
@@anmolkabir1776Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
@@MSPatelADASomeone can go to court.. do you have faith in courts ? YOU just blaming BJP
Excellent analysis…wish the courts will take the suggested action…
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This video is highly informative
But lack one major plan
Ie translation of this video in Hindi especially for major hindi land population. As this is very logical video , it wd make sense with hindi areas. If this initiatives are taken by this same group ,involving Dalal ji wd make headway to understand the issue at larger areas of people.
Very fantastic explanation from you. Good and also heard the explanation in MoJo story its very informative
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Great Power Comes with Huge Responsibilities. SEBI chairman should understand this. SEBI is harassing Retail Investors with lots of rules and conditions.
To clear the doubts of people and save the share holders of the country India government must institute a fair and reasonable enquiry on this curruption charges.
Protecting your investment does not bring money to parties. Protecting corporate only brings money for election
You can sleep😅
@@rajx7120 The one responsible for filing a case and finding the culprits are the one is doubt now! So who will file a case till those responsible themselves dont for they had things to hide!
SEBI Chief must resign and face an investigation while Adani shares must be banned from trading pending investigation!
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
@@humaneffortwins5570Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
You really believe indian government who is working for adani will do a thorough investigation??😂😂
Why Modi is silent on the matter , why no ED/CBI action?.
420
Modi cannot speak without a teleprompter
This news has vanished from main stream media today.
This scandal exceeds the Mundhra scandal of 1960s…
Great Analysis as usual. Whereas Deshbhakhi ka mukut abhibi uthara nahi hai
Thank you! I'm glad you enjoyed the topic.
Caesar's wife should be above suspicion!
People also said the same for sita
and we all know how that ended
The correct saying should be the people accusing or causing suspicious about Caesar’s wife should be above suspicion themselves
@@shubhrajoshi5357Sita went through a fire test . Moreover, it is the duty and responsibility of persons occupying high positions to come up clean after facing the due process of enquiry.( Agni Pariksha). It is naive to expect people bringing allegation to first prove their credibility. By your logic do you mean to say Ms Sucheta Dalal should have proven her credibility before exposing Hershad Mehta. That is a ridiculous argument. The SEBI Chairperson should resign and pave the way for an enquiry not less than a Judge of Hon'ble Supreme Court of India.
Ended quite well for the king not so much for his wife. Besides, the post applies to Caesar's husband, not wife.
@@bangla70serrrr no didn’t end well for anyone least of all the husband.
So in your head who are you calling Caesar ?
As for me all I am saying ( Caesar’s wife ( in this case the head of sebi ) ( sebi being the husband in this case ) ) is being brought into suspicion by people who are themselves not clean as driven snow … after all didn’t J man say
Let those amongst us who has not sinned cast the first stone ?
So let hindenburg reply first to the show clause notice by the courts / sebi for interfering in a whole market with an object to make money for itself by shorting a product and making other small investors who don’t have the wherewithal to keep afloat become bankrupt
Doing Business in Bharat is a nightmare at high noon. It seems that KYC Norms & Disclosures, UBO Declarations, FLA Returns, apply ONLY to diligent & honest investors. IF it was easy to unwind and close Companies, many would have done so and left. Fear of the regulatory "danda" following one even into an afterlife, keeps one from taking short-cuts.
Feels like.... Duh!!!😮
Atmanirbhar & Make In India, indeed. Jugaad the System and Carry On.
Anybody with 5 crs portfolio value in capital market in India just the 10% of his total networth. Rest are in Singapore and Dubai 😅
Maybe somebody is busy erasing records
Watched several videos. But your coverage is the best on the subject. Thank you for giving informative and appropriate suggestions.
Adani is going out his way , misusing all the Resources he has ,May be he has favored ..funded BJP..heavily..as Mr.,Modi notbable utter a word...
First time watching,best channel, other sugar coated channel didn't know consequences of ignoring sentiment and credibility
Still waiting for our Nationalist Businessmen to sue Hindenburg in US Court & expose him🤣🤣🤣
Great madam i was looking forward for this presentation.Please keep it up 👍👍🙏
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Buch appointment as SEBI Chief : Are big corporates like Adani, Ambani, Tatas, Kotak et al influencing such appointments??!! There is a strong need for legislation in this country to make regulators independent from government ministry.
You mean like CEC!
Instead of doing the appropriate designated task of ensuring the credibility of retail investors and traders in indian stock markets remain intact, why is she running behind their risk management, which noone is expecting from anyone in her capacity?
You hit the nail on its head. Every citizen should raise this issue to understand whether the allegations are true or false and whether Indian government and regulators are being targeted
Someone can go to court.. do you have faith in courts ? YOU just blaming BJP
Sorry, citizens are busy with hindu muslim issues..
Superb video.
Although I have not agreed to some of your views in the past, couldn’t agree more to all the points in this video.
The way this issue is being handled could blow up right in the faces of those defending it and dismissing Hindenburg’s accusations as malicious..
Appreciate your kind words
@@MoneylifeNewsBites 🙏🏻🙏🏻
Plain and simple and beautifully presented
You're welcome! I'm glad you found the information helpful
SEBI appears to have hired Mohandas Pai to speak on SEBI chief’s behalf😂
Even chameleons don't change color too often like Mr. Pai does 😅
No. He is having 38000 crores on his head. So he will any summersalt as per the signal of the government 😂
Fantastic Sucheta Dalal, as always!
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मैं आपसे पूरी तरह सहमत हूं ।
पद के अनुरूप उत्कृष्ट आचरण होना ही चाहिए ।
Well put. Credibility damage of an institution cannot be undone easily
Honestly, as an investor, it comes as the biggest shock to me, and I think fair investigation should be allowed to take its due course asap, and if proven guilty, Madhbi should be made to resign immediately else there would remain lack of trust in Indian markets among Ivestor fraternity
The most noise free,articulate commentary on the current alleged fraud!
Why Modi ji is scared of instituting JPC in this matter....BJP has hardly made it to Govt why no justice for the allegations. Share holders are very pressuring and consumer scared.
Recusal is not heard off by the present admn. Starting from judge loya enquiry, Rafael deal, GST, demo .......
Chowkidar and chor is a favourite game they play.
Nor is accountability for anything that goes wrong. As an example, the Railway Minister does not even offer to resign, forget about resigning after any accident, and unfortunately, there are enough.
Stop blaming Joseph we know your agenda.
Unbaised analysis
Good one !! more power to you
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Wish the courts follow your narrative and conduct an independent enquiry. I was a utility regulator and any financial or professional interest of the regulator in the regulated entities is a big no no. It is shocking the way the govt is totally silent. In western jurisdictions the head would be immediately gone even with whiff of a conflict…
Present FM is not elected but selected
Thank you ma'am for your analysis. We need someone like you to investigate this scam so that the real truth is known.
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If am correct, Sebi had told supreme court that no details are available and now we can say Sebi was clearly supporting Adani
Yep. Couldn't agree more. The job of regulatory body is to build up confidence by regulating the markets truthfully. This undermines the very purpose of SEBI, Retail investors definitely want SEBI to come out clean. Propaganda, Politics & Narrative building don't help.
Very articulate and to the point analysis. 🎉
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Thanks a lot for the info
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Greetings for the day
Honable Respected
Ma'am
Nice to see you
Sucheta is absolutely right, the SEBI chief should be examined by the same compliance standards that SEBI itself loves to foist on investors, which keep changing without compunction. The SEBI chief should be sidelined and a thorough enquiry should be made into her activities. Unfortunately, this matter seems to have the same stink of suspicion that surrounded a female CEO of India's largest private sector bank not long ago. When did experts in supply chain management become advisors in the real estate business ? We need to restore SEBI's credibility quickly.
Isn't the obtained banked loans siphoned through offshore funds to rig stock prices ???
SC should give Her the authority to investigate the report and give the feedback. Everyone knows her credibility and also knows that she has no alliance to any political party.
If we want to know the facts, she is best person. Having a JPS is useless all the politicians is fight among themselves, but the actual fact will never come out.
Same scenario as Roaring Twenties
The Great Depression saga
😊😊😊
Absolutely clear, Thanks for this video
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Fantastic ! This what an Indian wants ! Honest regulator ! transparent dealings and credibility beyond doubt !
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Adani is ruling this country. He and his proxies bought almost every media houses😢.
What little common people like us can do ??
It seems the present government doesn't want to discuss this issue at all for fear of its adverse reactions. If the government has nothing to hide, why don't they order an enquiry immediately? Why are the spokespersons of BJP and their supporters defending SEBI? Let the public know the truth behind all this.
Was taxes paid in India on world-wide income
Gift & or inheritance law complied in Singapore when investments transferred?
we the citizens of INDIA and especially investors in the stock market thank you whole heartedly. Its people like you that give us hope. Good bless you. keep doing your great work
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Agreed 100℅ with you. Failure of govt. to address the issue.
Thank You
Situation about credibility of market and regulator ia grave. People who put money in stock market in general expect 30% in "returns" as a matter of entitlement. Many have given up jobs to do this full time. The flow of money through sips coupled with fd rates that do not beat inflation, difficult business environment, have just enabled the filling of a balloon....that has no connection with fundamentals of the companies they are investing.
Absolutely agree. This is a can of worms that can not be allowed to stay bottled. A thorough investigation is an absolute imperative
Integrity is the primary issue. Transparency follows. Transparency is fortified by voluntary factual disclosures. Absence of which discredits the person/party concerned.
Discredit once accrued, is given a 'politically correct' story, called 'credibility issue'.
No predetermined rules in war,love,and money-makings 😂😂😂😂
It is a simple procedure for corrupt officials to open a 'consultancy' firm in spouse's name, and whenever some entity is found in trouble, they can go and pay the bribes to this consultancy firm.
Thank you for your reporting Ms. Sucheta Dalal.
Eye opener,points and facts
Very well argued and articulated. Thank you Madam.
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We agree. We must have an investigation to restore the credibility of sebi. If Ms Buch is guilty let action be taken. If her acting and inscribe are within the ambit of the law let the investigating so show it.
Andhbakhts are spoiling the credibility of Indian Institutions like SEBI.
Good if we listen like you in such cases👍
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Sucheta.. Concur with your video.. Thanks for articulating it so lucidly.. Another opportunity for you to write a financial investigation thriller.
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Was waiting for your video on this. Thanks 👍
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Does the government care at all of its small investors. Worst FM keeping quiet at all critical times. Thanks Sucheta. This is a must watch.
The very fact that the Government is not permitting an impartial investigation, makes one suspect that the Government feels that their role in the issue will be exposed.
A proper investigation will help clarify the position and set at rest the controversy as to whether the parties are guilty or not.
In case this is not done Hindenburg is sure to bring out more exposures, which will lead to serious repercussions in the market and lead to losses to the investors.
Exposing the investors to such risks, solely for the purpose of protecting one Corporate and the Chairman of a regulatory agency is not how the Government should act.
People who are aware of capital market operations are fully aware of the fact that Adani Group is manipulating the value of its shares in the market and using their manipulated value to access funds from financial institutions, to meet their fund requirement.
The danger is that this can lead to a total break down of the financial institutions of the country and the repercussions will be felt all over the world.
3:13 the image is little awkward here with the context.
Nice to meet you, came to know you after watching the series 1992 scam !
Great episode Sucheta mam. Kudos
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She is absolutely right, this has damaged SEBI'S credibility as a market regulator globally !! Which will now impact foreign capital inflows into Indian market..due to lack of trust..
Excellent analysis
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