The controversy gained traction after Hindenburg Research questioned Buch's impartiality, citing her connections to offshore funds linked to the Adani Group. Though Buch has denied any wrongdoing, stating her decisions are independent of her husband's position, the revelations have led to calls for greater transparency.
Buch's relationship with Blackstone has raised eyebrows, particularly as the firm has significant investments in India. Critics argue that recusing herself from Blackstone-related matters may not be sufficient to mitigate potential conflicts. The situation underscores the complexities of ensuring regulatory integrity when personal and professional affiliations intersect.
This incident highlights the need for stricter oversight in regulatory bodies to maintain public trust, especially when such connections might influence critical financial decisions.