US-based short seller Hindenburg Research said that it has received a show cause notice from the Securities and Exchange Board of India (Sebi) on June 27, outlining suspected violations of Indian regulations. The short seller trashed the show cause notice called it ‘nonsense’.
In a blog post released released by Hindenburg Research, it said, “Today we are sharing the entirety of this notice, frankly because we think it is nonsense, concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India.”
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From: financialexpress
Financial News
