India

Company Denies Allegations From Hindenburg Report, Promises Full Transparency

In response to the recent allegations outlined in the Hindenburg Report dated August 10, 2024, the company has issued a strong rebuttal, categorically denying the claims made in the report.

The company’s statement asserts that the allegations and insinuations presented in the report are completely unfounded and lacking in truth. “We strongly deny the baseless allegations and insinuations made in the report. These claims are devoid of any truth,” the statement reads.

Also Read: Gunfight Erupts Between Security Forces And Terrorists in J&K’s Kishtwar

The company emphasized its commitment to transparency, noting that its financial and personal affairs have always been open for scrutiny. “Our life and finances are an open book. All disclosures require by SEBI  been furnish over the years. We have no hesitation in providing any and all financial documents, including those from our period as private citizens, to any authority that may request them,” the statement continued.

The company also highlighted its plans to issue a detailed statement addressing the allegations in due course. “In the interest of complete transparency, we will be issuing a comprehensive statement soon,” the statement confirmed.

Additionally, the company criticized Hindenburg Research, noting that the firm has been subject to enforcement action by SEBI and is currently facing a show cause notice. “It is unfortunate that Hindenburg Research, against whom SEBI has taken enforcement action, has chosen to attempt character assassination in response,” the statement concluded.

Madhabi Puri Buch and Dhaval Buch, who signed the statement, have reaffirmed their commitment to transparency and adherence to regulatory requirements.

 

Richa Kaushik

Recent Posts

How US Presidential Election Is Conducted – Explained

The US presidential election is a complex, multi-step process that involves both voters and an…

17 mins ago

Mumbai Police Uncover Connections & Weapons In Baba Siddiqui Murder Investigation

The Mumbai Police disclosed that the firearms used to assassinate late NCP leader Baba Siddiqui…

1 hour ago

Mumbai Police Investigate New Death Threat Against Salman Khan Linked To Gangster Lawrence Bishnoi

Mumbai Police is investigating a threatening message directed at actor Salman Khan, allegedly originating from…

1 hour ago

Uttar Pradesh Government To Tighten Control Over DGP Appointment Before By-Elections

Ahead of the by-elections, CM Yogi Adityanath's government in Uttar Pradesh will take greater control…

2 hours ago

Somy Ali Opens Up About Her Past With Salman Khan, Says “Being Known As His Ex Is A Curse”

Somy Ali, the former Bollywood actress and dedicated social worker, has shared her feelings about…

2 hours ago

External Affairs Minister S Jaishankar Raises Alarm Over Attack On Hindu Temple In Canada

External Affairs Minister S Jaishankar expressed grave concerns regarding the recent violent incident at a…

3 hours ago