New Delhi, May 29 -- Anti-corruption ombudsman Lokpal on Wednesday dismissed three complaints against former chairperson of the Securities and Exchange Board of India (Sebi) Madhabi Puri Buch that were largely based on a 2024 report by Hindenburg Research.

The Lokpal said it found no merit in the allegations of corruption and termed the complaints "vexatious" and based on "presumptions". The ombudsman's order said there was no credible evidence of wrongdoing or conflict of interest by Buch or her husband.

Mint explains the allegations, what the independent statutory body found, and what it means for future cases.

The complaints were filed between August and October 2024 by different individuals, including Trinamool Congress parliamenta...