4 months, 3 weeks ago

Sebi investigating if Adani group flouted disclosure rules

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 said, asking not to be identified as the details are private. In that article, the Adani Group said it wasn’t “aware of any investigation against our chairman” and that it was fully compliant with anti-bribery laws in India and elsewhere. In a March 19 filing to the stock exchanges, Adani Green said it is aware that an investigation is underway for potential violations of American anti-corruption laws by an unrelated third party.

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