Madhabi Buch-linked offshore fund denies investment in Adani stocks
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360 One, previously known as IIFL Wealth, has issued a statement denying any investments made by its IPE Plus Fund 1 in the shares of Adani Group. This clarification comes in response to allegations from US short-seller Hindenburg Research. The research firm had claimed that SEBI chief Madhabi Puri Buch and her husband Dhaval Buch were linked to an account with Mauritius-based IPE Plus Fund 1, which was allegedly involved in fund siphoning.