CNBC: Could Hindenburg’s latest allegations have wider implications for India?

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CNBC reports:

No one is questioning India’s sovereignty, as the world’s largest democracy marks 77 years of independence from British colonial rule today.

But — in a topic more suited to this newsletter — some investors have this week been querying whether India’s markets watchdog is independent as it performs its regulatory duties.

The Securities and Exchange Board of India (SEBI), equivalent to the U.S. Securities and Exchange Commission, was the subject of short-seller Hindenburg Research’s latest attack this week. The U.S.-based hedge fund ...