Higher returns & secrecy draw rich to offshore funds

Hindenburg Research's August 10 report revealed that Sebi chairman Madhabi Puri Buch and her husband had investments in offshore funds linked to Vinod Adani, brother of Gautam Adani. Offshore funds, often based in tax havens like the Cayman Islands and Bermuda, offer better returns and secrecy. Investments can be significant, with fees and tax implications varying by investor status.