India’s reputation as a growing economic powerhouse is being severely tested by the latest allegations against SEBI Chairperson Madhabi Puri Buch, her husband, Dhaval Buch and the Adani Group. According to Hindenburg Research, Buch’s continued financial ties to a consultancy firm during her tenure at SEBI, coupled with her involvement in investigating the Adani Group, raises serious questions about conflicts of interest and regulatory integrity. This controversy not only casts a shadow over Buch’s role and SEBI’s credibility but also reflects a broader pattern of questionable accountability and systemic flaws within India’s corporate governance. As these allegations unfold, they challenge the nation’s commitment to transparency and fairness, leaving global observers and investors questioning the true extent of India’s regulatory reliability.