Who is Dhaval Buch, SEBI chairperson’s husband named in the Hindenburg report?
Latest Report Of US Short Selling Firm Hindenburg Research Added Adani Money Siphoning Scandal Offshore Entities And Links SEBI Chairperson to Them Hindenburg Research had, released a report in January 2023 alleging financial irregularities at the Adani Group that caused its stocks to fall. The fresh accusation adds up over this previous one. Currently, Dhaval Buch is a senior advisor at Blackstone and Alvarez & Marsal and serves as a non-executive director on the board of Gildan.
The Adani group and its chairman Gautam Adani have refuted all the charges of Hindenburg research which it made in an earlier report.
The Hindenburg report alleges, “Current SEBI Chairwoman and her husband Dhaval Buch had undisclosed stakes in the exact same tiny offshore Bermuda/Mauritius funds inside of the identical complicated nested construction employed by Vinod Adani. Who is Dhaval Buch, SEBI chairperson’s husband named in the Hindenburg report?
Who is Dhaval Buch?
Dhaval Buch, a distinguished service provider in the financial services sector while Blackstone Senior Advisor and Alvarez & Marsal (A&M) senior advisor found as a non-executive director at Gildan. A 1984 graduate in mechanical engineering from the Indian Institute of Technology, Delhi (IIT-D)
Before joining McKinsey, he was an executive director at Unilever and rising to be its Chief Procurement Officer. According to his Linkedin profile, he has “deep experience in procurement and all aspects of the supply chain.
Who is Mentioned Dhaval Buch in Hindenburg Report
- Blackstone and Alvarez & Marsal did not immediately respond to a Reuters request for comment, but Dhaval Buch’s LinkedIn profile lists him as Senior Advisor at the two firms. (Reuters) He joined Blackstone in July 2019. Blackstone is one of the top investors and sponsors of REITs, a fledgling asset class in India, as per Hindenburg report.
- Dhaval Buch worked with Bristlecone and Hindustan Unilever prior to joining Blackstone.
- Buch’s LinkedIn profile also lists him as non-executive director with the Board of Gildan.
- He has a Bachelor’s degree in Mechanical Engineering from IIT-Delhi.
- Quoting the Hindenburg report – Dhaval Buch, Madhabi Buch [/caption] In its Hindenburg post, the site referred to a corporate biography of the pseudonymous ultrashort buyer and alias ‘Paranoid Bull’. He spent the bulk of his career at consumer giant Unilever, working up to become Chief Procurement Officer
Dhaval Buch Career | Who is Dhaval Buch?
Dhaval Buch is a seasoned executive with significant experience in the corporate world, mostly around consumer goods.
He has hundreds of employees underneath him, and decades of experience working in the upper echelons at Unilever, a world-renowned company for consumer goods. Having worked in several geographies and function, he has made a mark for himself as an astute business leader.
Dhaval Buch Personal Life | Who is Dhaval Buch?
He is married to Madhabi Puri Buch, a high-profile financial executive who was the first woman ever appointed as chairman of SEBI. For the most part, this couple remains a bit of an enigma as little is known about their personal lives.
Dhaval Buch Contributions and Legacy
Although the professional journey of Dhaval Buch is inspiring yet he gained limelight due to his relationship and not by breaking a history like Madhabi Puri Buch — first ever. They are a power couple in the world of Indian business and finance.
PM Modi is defining the corporate houses as wealth creators, they are wealth looters: CPI leader D Raja on Hindenburg Research Report News
BJP govt latest scam is thoroughly exposed by Hindenburg and this tells how BJP backed the corporate houses specially Adani to loot country’s wealth & PM Modi himself defining them as wealth creators, they are actually wealth looters.
Adaniujsacm— Vinod kumar November 26,2021 SEBI — which exists as a state attempt to keep the market links stable and positive, but its chief getting paid through her husband’s stake in that market (Looks like an obvious conflict of interest).. with how she allows herself on record for corporate houses to use/misuse & “influence” the hooks so they can loot.
It is a grave moral question if she will any longer chief your SEBI? We believe that she should resign. Govt Meh Safegaurd Sudhar Kaise! Fm Nirmala Something Needs To Speak Higher level probing is required. CPI leader D Raja on Hindenburg row: PM should explain how is he dealing with the situation
Summary | Who is Dhaval Buch?
In essence, the report makes five key allegations about the Buchs: that they concealed their ownership of offshore funds in Bermuda and Mauritius that formed part of the Adani network under Vinod Adani. It also states the Buchs opened an account with IPE Plus Fund 1 in Singapore, of which Ibn Soud is a director and shareholder, on June 2015 as well.
This new set of allegations is registered on top this even as the Hindenburg research outfit riding high from its previous report in January 2022 accused Adani Group of shady financial dealings. The reports caused Adani Group’s stock prices to plummet as it lost over $100 b in market capitalisation. The Adani Group has, however refuted the allegations.
The statement said the Buchs wanted to be transparent and would present a more detailed response at a later time.
