360 One denies allegations that its IPE-Plus Fund 1 invested in Adani Group shares, clarifying investments by SEBI Chairperson's family were less than 1.5% and no investors influenced decisions.
360 One, a wealth management entity, denies allegations made by Hindenburg Research that its IPE-Plus Fund 1 invested in Adani Group shares. The company clarifies that the investments made by SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch were less than 1.5% of the total inflow into the fund, and no investors had any involvement in investment decisions. The 360 One fund, formerly known as IIFL Wealth Management, operated between October 2013 and October 2019 and was fully compliant and regulated.
August 11, 2024
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