The report of American short sheller Hindenburg is in the news again. Hindenburg has made big claims about the Indian market and market regulator Securities and Exchange Board of India (SEBI) in its recent report. Hindenburg has also mentioned Mauritius in its report. Now Mauritius has responded to these allegations. The Financial Services Commission (FSC) of Mauritius said on Tuesday that the fund mentioned in the allegations of conflict of interest against Hindenburg Research’s SEBI chief Madhabi Puri Buch has nothing to do with their country. It also said to Mauritius that it does not allow shell companies to operate in the country at all.
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