Hindenburg Research's new report claimed SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in offshore companies used in Adani money siphoning scandal. Dhaval is currently a senior advisor at Blackstone and at Alvarez & Marsal. Buch is an alumnus of IIT-Delhi where he graduated in mechanical engineering in 1984. He had a three-decade-long career with Unilever.