Why SEBI didn't get to bottom of issues raised by Hindenburg: Ex-RBI governor
1 year, 9 months ago

Why SEBI didn't get to bottom of issues raised by Hindenburg: Ex-RBI governor

Hindustan Times  

Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price. Hindenburg Research in a January 24 report accused Adani group of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The Supreme Court on Thursday asked the SEBI to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a six-member committee headed by former apex court judge Justice A M Sapre to look into the protection of Indian investors.

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History of this topic

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
11 hours, 2 minutes ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
3 weeks, 3 days ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 weeks, 1 day ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

Deccan Chronicle  

New Delhi: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate".The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch …

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court
4 weeks, 1 day ago

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court

Live Law  

An application has been filed in the Supreme Court seeking to produce the indictment of the United States Department of Justice which raised bribery allegations against Gautam Adani and other executives of Adani group of companies.The interlocutory application has been filed in the petition which was filed last year seeking an independent investigation into the allegations levelled by. An application …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 weeks, 1 day ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Sebi investigating if Adani group flouted disclosure rules
1 month ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

Déjà vu moment for Adani Group after Hindenburg allegations
1 month ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Have FPIs implicated in Adani matter revealed details of their owners: Congress
3 months, 1 week ago

Have FPIs implicated in Adani matter revealed details of their owners: Congress

New Indian Express  

NEW DELHI: Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh …

‘SEBI chairperson must resign’: Jairam Ramesh says while reiterating Congress’ demand for JPC probe
4 months ago

‘SEBI chairperson must resign’: Jairam Ramesh says while reiterating Congress’ demand for JPC probe

The Hindu  

Congress general secretary in-charge communications Jairam Ramesh on Saturday called for the resignation of the SEBI chief Madhabi Puri Buch, who has been accused of irregularities by Hindenburg Research, and reiterated his party’s call for a Joint Parliamentary Committee investigation “into the Adani Mega Scam.” Mr. Ramesh cited a media report which talks about Ms. Buch and her husband’s connection …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
4 months, 1 week ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

​Step down: On upholding the integrity of SEBI
4 months, 1 week ago

​Step down: On upholding the integrity of SEBI

The Hindu  

Not since the Harshad Mehta scam of 1992 has India’s securities regulations and oversight come under such scrutiny. However, the accusations of a conflict of interest levelled by New York-based short-seller Hindenburg Research against SEBI chairperson Madhabi Puri Buch in the conduct of the ongoing investigations against the Adani Group, the Ahmedabad-based global infrastructure to FMCG major, for alleged stock …

Adani Group rocked by Hindenburg allegations against SEBI
4 months, 1 week ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges
4 months, 1 week ago

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges

Op India  

A day after US-based short seller Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “both the obscure offshore entities used in the Adani money siphoning scandal,” the SEBI Chairperson and her husband issued a detailed statement rejecting the allegations. Insinuations about their net worth and investments referencing Madhabi’s current government salary …

Government must eliminate conflicts of interest in SEBI's Adani probe: Congress
4 months, 1 week ago

Government must eliminate conflicts of interest in SEBI's Adani probe: Congress

The Hindu  

In the wake of U.S. short-seller Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress said on Sunday that the Government must act immediately to eliminate all conflicts of interest in the regulator's investigation of the Adani Group and reiterated its demand for a joint parliamentary committee probe into the matter. Congress president Mallikarjun Kharge said SEBI had previously …

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’
4 months, 1 week ago

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’

Hindustan Times  

The Adani Group on Sunday slammed American short-seller Hindenburg for claiming that the conglomerate had financial links with Sebi chairperson Madhabi Buch and her husband, saying the allegations were malicious, mischievous and manipulative. "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity …

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’
4 months, 1 week ago

Adani Group's first reaction to new Hindenburg attack: ‘Malicious, mischievous’

Hindustan Times  

The Adani Group on Sunday slammed American short-seller Hindenburg for claiming that the conglomerate had financial links with Sebi chairperson Madhabi Buch and her husband, saying the allegations were malicious, mischievous and manipulative. "For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity …

Hindenburg Research report: SEBI chief, spouse issue detailed statement
4 months, 1 week ago

Hindenburg Research report: SEBI chief, spouse issue detailed statement

Hindustan Times  

Hindenburg Research Report highlights: US-based Hindenburg Research alleged in a new report on Saturday that SEBI chairperson Madhabi Buch and her husband held hidden stakes in the same obscure offshore funds in Bermuda and Mauritius, which were used by Vinod Adani. However, Opposition party Congress has called on Centre to "act immediately to eliminate all conflicts of interest in SEBI's …

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'
4 months, 1 week ago

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'

Hindustan Times  

Reacting to the US-based short-seller Hindenburg Research's allegation that they have stakes in an offshore operation run by the Adani Group, Sebi chairperson Madhabi Buch and her husband accused the American firm of attempting to assassinate their character in response to an "Enforcement action" against it by the market regulator. "It is unfortunate that Hindenburg Research against whom SEBI has …

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'
4 months, 1 week ago

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'

Hindustan Times  

Reacting to the US-based short-seller Hindenburg Research's allegation that they have stakes in an offshore operation run by the Adani Group, Sebi chairperson Madhabi Buch and her husband accused the American firm of attempting to assassinate their character in response to an "Enforcement action" against it by the market regulator. "It is unfortunate that Hindenburg Research against whom SEBI has …

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?
4 months, 1 week ago

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?

Hindustan Times  

Hindenburg Research on Saturday released a report that alleged the Securities and Exchange Board of India did not act on claims it made in its 2023 report against the Adani Group because the market regulator's chief, Madhabi Puri Buch, had investments in offshore firms linked to the conglomerate. Hindenburg Research in a new report released on Saturday alleged that SEBI …

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’
4 months, 1 week ago

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’

Live Mint  

Hours after US short-seller Hindenburg Research levelled allegations against Sebi chairperson Madhabi Buch, the Congress on Saturday asked the Central government to immediately eliminate all conflicts of interest in the regulator's investigation of the Adani Group. Congress general secretary Jairam Ramesh, in an official statement, said the Sebi's “strange reluctance” to investigate the “Adani mega scam” has been long noted, …

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points
4 months, 1 week ago

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points

Hindustan Times  

US short-seller Hindenburg Research – which had wiped out much of Adani Group's net worth with its allegations of financial irregularities last year – on Saturday claimed in a blog that market regulator Sebi's chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “obscure offshore funds” used in the Adani scandal. The American firm accused the market …

Sebi issues clarification on Hindenburg charge linked to Madhabi Buch's husband
4 months, 1 week ago

Sebi issues clarification on Hindenburg charge linked to Madhabi Buch's husband

India Today  

The Securities and Exchange Board of India on Sunday, in a detailed statement, rejected Hindenburg Research's allegations that Sebi's changes to the Real Estate Investment Trust rules benefited a multinational company where Sebi Chairperson Madhabi Buch's husband Dhaval Buch was employed. The US short-seller firm Hindenburg Research, on Saturday, alleged that during Madhabi Buch’s tenure as a whole-time member at …

SEBI chief, husband deny allegations in Hindenburg report: 'Our finances are an open book'
4 months, 1 week ago

SEBI chief, husband deny allegations in Hindenburg report: 'Our finances are an open book'

Hindustan Times  

Securities and Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch have denied allegations against them by short-seller Hindenburg Research in its latest report, PTI reported. Hindenburg Research, a US-based investment research firm, has alleged that Madhabi Puri Buch and Dhaval Buch owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. What …

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe
4 months, 1 week ago

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe

Hindustan Times  

The Congress on Saturday reacted to the new report by Hindenburg Research, which alleged Securities and Exchange Board of India chief Madhabi Buch and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. In a statement, Congress general secretary Jairam Ramesh said that SEBI's “strange reluctance” to investigate the “Adani MegaScam” has been noted …

Hindenburg-Adani Case: Who is Dhaval Buch, mentioned with SEBI chairperson in US short-seller's investigative report?
4 months, 1 week ago

Hindenburg-Adani Case: Who is Dhaval Buch, mentioned with SEBI chairperson in US short-seller's investigative report?

Live Mint  

Hindenburg-Adani Case: Hindenburg Research alleges that SEBI Chairperson's husband, Dhaval Buch, had hidden investments in offshore funds tied to Adani. Hindenburg-Adani case: US short seller firm Hindenburg research has in their latest report alleged that “SEBI Chairperson has bought stakes in obscure offshore entities used in Adani money siphoning scandal". The Hindenburg report alleges, “The current SEBI Chairperson and her …

New Hindenburg report: SEBI chief Madhabi Buch, husband owned stakes in offshore entities linked to Adani Group
4 months, 1 week ago

New Hindenburg report: SEBI chief Madhabi Buch, husband owned stakes in offshore entities linked to Adani Group

Hindustan Times  

Citing whistleblower documents, a new report by Hindenburg Research said Madhabi Buch, chairperson of market regulator Securities and Exchange Board of India, and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. Hindenburg Research in a new report released on Saturday alleged that SEBI chief Madhabi Puri Buch held investments in certain offshore funds …

Hindenburg shared Adani report with client two months before publishing it: Sebi
5 months, 2 weeks ago

Hindenburg shared Adani report with client two months before publishing it: Sebi

India TV News  

US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India, in its 46-page show cause notice …

Hindenburg wonders why SEBI did not name Kotak in show cause notice
5 months, 3 weeks ago

Hindenburg wonders why SEBI did not name Kotak in show cause notice

The Hindu  

Kotak Mahindra bank and its brokerage firm created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on July 2, 2024. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani …

Hindenburg's charges against Uday Kotak on Sebi notice: ‘Protecting another powerful businessman’
5 months, 3 weeks ago

Hindenburg's charges against Uday Kotak on Sebi notice: ‘Protecting another powerful businessman’

Hindustan Times  

Hindenburg Research said that it received a 'show cause notice' from the Indian markets regulator Sebi. Slamming the notice as “nonsense, concocted to serve a pre-ordained purpose”, Hindenburg said that it was “an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India.” Founder and former MD & CEO, Kotak Mahindra …

Hindenburg Research gets ‘show cause’ notice from SEBI over Adani Group report
5 months, 3 weeks ago

Hindenburg Research gets ‘show cause’ notice from SEBI over Adani Group report

Hindustan Times  

United States-based short-seller Hindenburg Research on Monday claimed that it has received a ‘show cause’ notice, outlining suspected violations over its short bet against Adani Group last year. Hindenburg Research, which had accused Adani Group of improper use of tax havens and flagged concerns about debt levels in a report in 2023, termed SEBI's notice as an attempt “to silence …

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'
5 months, 3 weeks ago

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'

India TV News  

Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India in the Adani Group case. The US firm said the show cause notice does resolve some questions: "Did Hindenburg work with dozens of firms to short Adani, making hundreds of millions of dollars? Adani-Hindenburg row Hindenburg …

New twist in clash between US short seller Hindenburg and India’s Adani
5 months, 3 weeks ago

New twist in clash between US short seller Hindenburg and India’s Adani

Al Jazeera  

India’s securities regulator has alleged Hindenburg colluded with another entity to help it short Adani Group. Hindenburg Research has denied allegations by India’s securities regulator that it colluded with a United States asset manager to use nonpublic information to set up a short bet against Adani Group last year, which if proven would breach the country’s rules. “It was a …

Seven Adani group firms say received SEBI show cause notices
7 months, 2 weeks ago

Seven Adani group firms say received SEBI show cause notices

The Hindu  

May 03, 2024 06:54 pm | Updated 10:03 pm IST - New Delhi Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While …

SEBI said to find Adani offshore investors in violation of disclosure rules
8 months ago

SEBI said to find Adani offshore investors in violation of disclosure rules

The Hindu  

India's markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. Reuters had first reported that the SEBI uncovered the violation of rules on disclosures by listed entities and limits on the holdings of …

Sebi finds Adani offshore investors in disclosure rules violation: Report
8 months ago

Sebi finds Adani offshore investors in disclosure rules violation: Report

Hindustan Times  

India's markets regulator found a dozen offshore funds invested in Adani group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on Monday. Reuters had first reported that SEBI has uncovered violation of rules on disclosures by listed entities and limits on the holdings of offshore funds …

SEBI should not become another SBI, 'too scared to touch the sacred': Congress
8 months, 2 weeks ago

SEBI should not become another SBI, 'too scared to touch the sacred': Congress

The Hindu  

The Congress on April 3 hoped that the Securities and Exchange Board of India, tasked with probing charges of alleged stock manipulation by the Adani Group, would not seek further extension for presenting its report in the Supreme Court to push the deadline past the election date. Congress general secretary Jairam Ramesh said the SEBI should not become another State …

Adani-Hindenburg case: Review petition filed in SC against January 3 verdict
10 months, 1 week ago

Adani-Hindenburg case: Review petition filed in SC against January 3 verdict

Live Mint  

A petition has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the Central Bureu of Investigation. Here's why review petition challenges SC's verdict The plea, filed through advocate Neha Rathi, said …

Adani-Hindenburg Row | Plea Filed In Supreme Court Seeking Review Of Verdict Endorsing SEBI Investigation
10 months, 1 week ago

Adani-Hindenburg Row | Plea Filed In Supreme Court Seeking Review Of Verdict Endorsing SEBI Investigation

Live Law  

In the latest development in the Adani-Hindenburg row, a review petition has been filed challenging the recent Supreme Court verdict that dismissed pleas for a probe into allegations of stock price manipulations by the Adani group of companies.The plea, filed by petitioner Anamika Jaiswal, seeks a review of the January 3 judgment, which rejected calls for a Special Investigation Team. …

Respecting SEBI’s mandate, expertise, functional freedom
11 months, 1 week ago

Respecting SEBI’s mandate, expertise, functional freedom

Hindustan Times  

On January 3, the Supreme Court disposed of four writ petitions filed in the wake of two reports that raised multiple allegations against the Adani group of companies. The first principle is reproduced below: “Courts do not and cannot act as appellate authorities examining the correctness, suitability, and appropriateness of a policy, nor are courts advisors to expert regulatory agencies …

Adani verdict: Onus now on Sebi to reinforce investor confidence
11 months, 2 weeks ago

Adani verdict: Onus now on Sebi to reinforce investor confidence

Live Mint  

The Supreme Court pulled no surprises in dismissing a bunch of petitions calling for an independent investigation by a team reporting either directly to it or to the Central Bureau of Investigation into Hindenburg Research’s explosive report on the Adani Group. Hindenburg’s report, as well as follow-up reports by the Organised Crime and Corruption Reporting project, levied serious charges of …

Adani-Hindenburg: The apex court has endorsed regulatory independence
11 months, 2 weeks ago

Adani-Hindenburg: The apex court has endorsed regulatory independence

Live Mint  

In its decision of 3 January on the matter of an Adani Group probe in the wake of Hindenburg’s allegations, the Supreme Court upheld trust in the regulatory system under the Securities and Exchange Board of India, emphasizing its commitment to financial transparency and market integrity, by endorsing Sebi’s regulations. The SC also directed Sebi to scrutinize any “infractions" by …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
11 months, 2 weeks ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

'Truth has prevailed': Gautam Adani tweets after SC refused to order SIT probe on claims by short-seller Hindenburg
11 months, 2 weeks ago

'Truth has prevailed': Gautam Adani tweets after SC refused to order SIT probe on claims by short-seller Hindenburg

Op India  

On Wednesday, India’s business tycoon Gautam Adani expressed his contentment after the Supreme Court ruled that it could not interfere with the regulatory framework or use the Hindenburg report as a justification for launching an SIT investigation. Following this, Gautam Adani took to X, formerly known as Twitter, and said that his humble contribution to India’s growth story would now …

SEBI is capable enough, no need for SIT against Adani: Supreme Court refuses to hold OCCRP, Hindenburg claims as truth
11 months, 2 weeks ago

SEBI is capable enough, no need for SIT against Adani: Supreme Court refuses to hold OCCRP, Hindenburg claims as truth

Op India  

In a major relief to the Adani Group, the Supreme Court ruled on Wednesday that it could not interfere with the regulatory framework or use the Hindenburg report or anything similar as justification for launching a new investigation. Supreme Court directs SEBI to complete its probe of two pending cases out of 24 in the Adani-Hindenburg issue within 3 months. …

Adani-Hindenburg row | Gautam Adani says ‘truth has prevailed’
11 months, 2 weeks ago

Adani-Hindenburg row | Gautam Adani says ‘truth has prevailed’

The Hindu  

Industrialist Gautam Adani on January 3 hailed the Supreme Court verdict saying “truth has prevailed”. “The Hon’ble Supreme Court’s judgement shows that: Truth has prevailed. The Hon'ble Supreme Court's judgement shows that: Truth has prevailed. — Gautam Adani January 3, 2024 The Supreme Court directed the SEBI to complete its probe into two pending cases relating to allegations against the …

SC says ‘petitions lack adequate research’
11 months, 2 weeks ago

SC says ‘petitions lack adequate research’

Live Mint  

Adani-Hindenburg Case Verdict: The Supreme Court of India rejected key demands of petitioners seeking to derail the ongoing SEBI investigation into allegations raised by Hindenburg Research. Adani-Hindenburg Case Verdict: Chronology of events January 24: Hindenburg Research releases a report on the Adani Group companies claiming that it was "engaged in a brazen stock manipulation and accounting fraud". Effective from this …

Adani-Hindenburg Case: No Ground to Transfer SEBI Investigation, Says SC
11 months, 2 weeks ago

Adani-Hindenburg Case: No Ground to Transfer SEBI Investigation, Says SC

Deccan Chronicle  

NEW DELHI: The Supreme Court on Wednesday junked pleas to transfer the probe into the allegations of stock price manipulation and accounting fraud by Adani Group, as claimed by American short-seller Hindenburg Research in January last year, to a special investigation team and directed market regulator Sebi to complete its probe into two pending cases within three months. The scope …

Adani Hindenburg Case Verdict: SC directs SEBI to complete probe in 3 months
11 months, 2 weeks ago

Adani Hindenburg Case Verdict: SC directs SEBI to complete probe in 3 months

Live Mint  

Adani-Hindenburg case verdict: The Supreme Court on December 3 pronounced its verdict on a batch of petitions that were filed seeking a court-monitored investigation or CBI probe into the allegations made against Adani Group of companies in the Hindenburg Research report. Adani Hindenburg Case Verdict Live Updates Here are 10 points to know from the judgment 1. While reading out …

Adani Hindenburg Case Verdict: SC refuses to transfer probe from SEBI to SIT
11 months, 2 weeks ago

Adani Hindenburg Case Verdict: SC refuses to transfer probe from SEBI to SIT

Live Mint  

Adani Hindenburg Case Verdict: The Supreme Court has on December 3 held that there is no ground to transfer the Adani Hindenberg case investigation from the Securities and Exchange Board of India to a Special Investigation Team. In March 2023, the top court directed the capital markets regulator Securities and Exchange Board of India to investigate any violations of securities …

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