‘Conflict of interest’: Plea in Supreme Court for fresh panel on Adani probe
1 year, 3 months ago

‘Conflict of interest’: Plea in Supreme Court for fresh panel on Adani probe

Hindustan Times  

One of the petitioners in the Adani-Hindenburg case has requested the Supreme Court to reconstitute the panel of experts to investigate into the accusations of regulatory failure and breach of laws against the conglomerate, alleging conflict of interest of three of the six-member panel that is headed by a retired apex court judge. It is therefore respectfully prayed, a fresh expert committee may be constituted by this Hon’ble Court with experts from the field of finance, law and stock market with impeccable integrity, and who have no conflict of interest in the outcome of the instant matter,” prayed Jaiswal’s application. In another application filed on September 11, Jaiswal had alleged that Sebi not only concealed several facts about previous investigations against Adani companies, but also tweaked the regulations to keep the group’s regulatory contraventions and price manipulations undetected. Acting on a clutch of petitions demanding a probe into the matter, the Supreme Court on March 2 set up a six-member panel, led by retired Supreme Court judge AM Sapre, to look into regulatory failure by Sebi and alleged breach of laws by the Adani Group. In its report submitted in May, the committee said the allegations of stock price manipulation or violation of MPS norms by Adani Group companies cannot be proved “at this stage”.

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History of this topic

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani
1 month ago

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani

The Hindu  

A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been indicted in the U.S. for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The U.S. Department of Justice has accused Mr. Adani of being part of an elaborate scheme to …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
1 month ago

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani

Live Mint  

A fresh plea has been filed in the Supreme Court seeking an inquiry into the indictment of Adani group founder and chairman Gautam Adani, who has been charged in the US for alleged bribery and fraud. The US Department of Justice has accused Gautam Adani of being part of an elaborate scheme to pay $265 million bribe to Indian officials …

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

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. …

Satyendar Jain's Bail Plea | No Predicate Offence Made Out, Company Assets Can't Be Attributed To Director, Shareholder: Singhvi To Supreme Court
11 months, 2 weeks ago

Satyendar Jain's Bail Plea | No Predicate Offence Made Out, Company Assets Can't Be Attributed To Director, Shareholder: Singhvi To Supreme Court

Live Law  

In Aam Aadmi Party leader Satyendar Jain's challenge to denial of bail by the Delhi High Court, the Supreme Court today commenced hearing arguments on merits.The Bench comprising Justices Bela M Trivedi and Pankaj Mithal was hearing Jain's petition challenging the denial of bail by the High Court in April last year. In Aam Aadmi Party leader Satyendar Jain's challenge …

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 …

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 …

Adani Hindenburg Case Verdict: SC refuses to transfer probe from SEBI to SIT
11 months, 3 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 …

Adani-Hindenburg case verdict | No ground to transfer the investigation from SEBI to SIT, says SC
11 months, 3 weeks ago

Adani-Hindenburg case verdict | No ground to transfer the investigation from SEBI to SIT, says SC

The Hindu  

The Supreme Court on January 3 refused to transfer the investigation being carried out by market regulator SEBI into Hindenburg Research’s allegations against the Adani Group to a separate Special Investigation Team saying that the power of the court to enter the regulatory domain of SEBI is “limited”. Taking into account the assurance of the Solicitor General, we direct SEBI …

India’s Adani gets top court relief on further probe over Hindenburg report
11 months, 3 weeks ago

India’s Adani gets top court relief on further probe over Hindenburg report

Al Jazeera  

Indian agency was probing the group after Hindenburg Research last year alleged the improper use of tax havens and stock manipulation. India’s Supreme Court says the Adani Group does not need to face more investigations beyond the current scrutiny of the market regulator, a major relief for the conglomerate hit hard by a United States-based shortseller’s allegations of wrongdoing. Though …

Adani-Hindenburg case: SC to give verdict over pleas seeking probe on January 3
11 months, 3 weeks ago

Adani-Hindenburg case: SC to give verdict over pleas seeking probe on January 3

Live Mint  

The Supreme Court is expected to pronounce the judgment tomorrow, January 3, in a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. Billionaire Gautam Adani's conglomerate saw almost $60 billion of his personal wealth erased last year after US-based short seller Hindenburg Research report accused his group of …

SC to deliver verdict on Adani-Hindenburg row over market manipulation allegations today
11 months, 3 weeks ago

SC to deliver verdict on Adani-Hindenburg row over market manipulation allegations today

India TV News  

The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. One of the PILs alleged that amendments to the Securities and Exchange Board of India Act provided a shield for the Adani Group's regulatory contraventions and market manipulations. The Hindenburg Research report, …

SEBI can’t be expected to take OCCRP allegations in Adani case as gospel truth: SC
1 year, 1 month ago

SEBI can’t be expected to take OCCRP allegations in Adani case as gospel truth: SC

The Hindu  

The Supreme Court on November 24 said statutory market regulator, the Securities and Exchange Board of India, cannot be expected to accept as “gospel truth” foreign media reports about Organised Crime and Corruption Reporting Project ’s findings of alleged stock manipulation and accounting fraud against the Adani Group. ‘Conflict of interest’ The court reserved judgment on a plea by Mr. …

After row, Centre clears advocate as Bombay HC judge
1 year, 1 month ago

After row, Centre clears advocate as Bombay HC judge

Hindustan Times  

NEW DELHI: Ten months after the collegium reiterated its recommendation, first made in early 2022, the Union government, on Thursday notified the appointment of advocate Somasekhar Sundaresan as a judge in the Bombay high court. Sundaresan’s appointment as a judge was earlier stalled by the Union government, which cited his “selectively critical” views on social media against governmental policies and …

SEBI to tell court Adani inquiry began 2014, but hit dead end: sources
1 year, 2 months ago

SEBI to tell court Adani inquiry began 2014, but hit dead end: sources

The Hindu  

Markets regulator SEBI will tell the Supreme Court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter. The Securities and Exchange Board of India will say for the first time that India's customs authority alerted it to an alleged …

SEBI hid facts to shield Adani, petitioner claims in Supreme Court
1 year, 3 months ago

SEBI hid facts to shield Adani, petitioner claims in Supreme Court

Hindustan Times  

New Delhi The Securities and Exchange Board of India not only concealed several facts about previous investigations against the Adani Group but also tweaked the regulations to keep the group’s regulatory contraventions and price manipulations undetected, one of the petitioners demanding investigations into allegations of stock manipulation and accounting fraud against the Adani Group made by US short-seller Hindenburg Research, …

SEBI suppressed important facts, 'slept over' DRI info on stock manipulation by Adani: Petitioner tells SC
1 year, 3 months ago

SEBI suppressed important facts, 'slept over' DRI info on stock manipulation by Adani: Petitioner tells SC

Hindustan Times  

Market regulator SEBI suppressed important facts from the Supreme Court and "slept over" Directorate of Revenue Intelligence's letter on alleged stock manipulation by the Adani firms, one of the PIL petitioners in the Adani-Hindenburg row has alleged in the top court in an affidavit. READ | '22 out of 24 matters probed’: SEBI submits status report to SC in Adani …

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms
1 year, 5 months ago

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms

Hindustan Times  

The Securities and Exchange Board of India informed the Supreme Court on Monday that its board has approved a proposal mandating granular disclosures for certain categories of foreign portfolio investors, more than a month after a court-appointed expert committee to probe the Adani-Hindenburg episode raised certain red flags regarding the current FPI regulations. On May 17, the apex court gave …

Decoding the expert committee report on Adani - The Hindu
1 year, 6 months ago

Decoding the expert committee report on Adani - The Hindu

The Hindu  

The story so far: The Supreme Court order dated March 2, 2023, led to two parallel inquiries into contraventions of the Adani group of companies, alleged by Hindenburg Research. The expert committee report states that SEBI had begun investigating the Adani group companies in October 2020, following complaints received in June-July 2020. The expert committee report reveals that 849 alerts …

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations
1 year, 7 months ago

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations

The Hindu  

Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. But the findings of a six-member expert panel, tasked by the Court to review Indian securities market’s overall regulatory and investor …

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress
1 year, 7 months ago

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

The Hindu  

The Congress on May 22 alleged that the Supreme Court-appointed expert committee and the SEBI have "hit walls" while investigating the Adani group's transactions and stressed the need for a Joint Parliamentary Committee probe to unravel the truth in the matter. The Congress' assertion comes after a report by the Supreme Court-appointed expert committee said it has found no evidence …

Sebi probe into Adani drew blank: SC-appointed panel
1 year, 7 months ago

Sebi probe into Adani drew blank: SC-appointed panel

Deccan Chronicle  

New Delhi: An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima …

Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV
1 year, 7 months ago

Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV

India TV News  

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations. The Supreme Court had appointed the committee after US short-seller Hindenburg …

Adani-Hindenburg row: SC extends deadline for SEBI probe till Aug 14
1 year, 7 months ago

Adani-Hindenburg row: SC extends deadline for SEBI probe till Aug 14

Deccan Chronicle  

New Delhi: The Supreme Court will on Wednesday extended the Securities and Exchanges Board of India to conclude its probe into the Hindenburg Research report on Adani Group till 14 August 2023. SEBI submitted before the Supreme Court that the application for extension of time filed by it is meant to ensure carriage of justice keeping in mind the interest …

Adani-Hindenburg row: Supreme Court to hear PILs seeking probe today
1 year, 7 months ago

Adani-Hindenburg row: Supreme Court to hear PILs seeking probe today

Live Mint  

The Supreme Court will on Wednesday hear a batch of Public Interest Litigations seeking an investigation into the Adani Group-Hindenberg report issue and the SEBI's plea for an extension of time to submit the report. The apex court on Monday adjourned the hearing on the SEBI plea seeking a six-month extension to conclude the investigation in the Hindenburg Research's report. …

Jairam Ramesh misleads public about SEBI affidavit on Adani Group
1 year, 7 months ago

Jairam Ramesh misleads public about SEBI affidavit on Adani Group

Op India  

On Monday, May 15, Congress leader Jairam Ramesh took to social media to accuse the BJP government and the Securities and Exchange Board of India of misleading the people pertaining to the investigation into the Adani Group. She inquired, “Whether it is a fact that three funds namely Albula Investment Fund Ltd, Cresta Fund Ltd, and APMS Investment Fund Ltd …

Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time
1 year, 7 months ago

Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time

The Hindu  

The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. "The application for extension of time filed by SEBI is meant to ensure carriage of justice keeping in mind the interest …

Did not probe Adani since 2016, Sebi tells SC; row erupts
1 year, 7 months ago

Did not probe Adani since 2016, Sebi tells SC; row erupts

Hindustan Times  

A political row broke out on Monday after the Securities and Exchange Board of India submitted an affidavit in the Supreme Court calling it “factually baseless” that the Adani Group was being investigated by the regulator since 2016, prompting several Opposition leaders to cite a July 2021 reply by the junior finance minister to Parliament stating that “Sebi is investigating …

SEBI’s affidavit triggers war of words on probe on Adani
1 year, 7 months ago

SEBI’s affidavit triggers war of words on probe on Adani

The Hindu  

The Securities and Exchange Board of India denied in the Supreme Court on May 15 allegations of investigating the Adani Group since 2016 as “factually baseless”, triggering a war of words between the Congress and the Ministry of Finance. SEBI’s affidavit, filed on May 15, distanced the Adani Group from any “investigations” from 2016. However, Congress leader Jairam Ramesh took …

Adani-Hindenburg case: SC adjourns hearing SEBI’s plea for extension of probe
1 year, 7 months ago

Adani-Hindenburg case: SC adjourns hearing SEBI’s plea for extension of probe

Live Mint  

The Supreme Court has adjourned the hearing of the plea filed by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group to July 10, according to CNBC-TV18. SEBI told the Supreme Court on May 15 that any incorrect or premature conclusion of its investigation into the Adani group's possible …

SEBI investigating Adani since 2016 is factually baseless, regulator tells SC
1 year, 7 months ago

SEBI investigating Adani since 2016 is factually baseless, regulator tells SC

Deccan Chronicle  

New Delhi: The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Group companies since 2016 is factually baseless. SEBI has informed Supreme Court that in respect of the investigation and examination relating to 12 transactions referred to in the Hindenburg Report, prima facie it is noted that these …

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC
1 year, 7 months ago

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC

The Hindu  

The Securities Exchange Board of India on Monday in the Supreme Court said its request for a “minimum” of six more months to inquire into Hindenburg Research’s allegations of fraud against the Adani Group is to ensure “carriage of justice”. Where further investigation is required and most of the data required for this purpose is expected to be reasonably accessible, …

‘Legally untenable’: SEBI warns against ‘immature’ conclusions on its Adani Group probe
1 year, 7 months ago

‘Legally untenable’: SEBI warns against ‘immature’ conclusions on its Adani Group probe

Hindustan Times  

India's market regulator told the Supreme Court on Monday that any incorrect or premature conclusion of its investigation into the Adani group's possible lapses of regulatory disclosures will be legally untenable and not serve justice. The probe comes after U.S.-based short-seller Hindenburg Research had, in January, raised several governance concerns around billionaire Gautam Adani's group, and alleged improper use of …

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report
1 year, 7 months ago

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report

The Hindu  

The Supreme Court on Friday said it will use the weekend to pore over the report submitted by an expert committee led by former of apex court judge, Justice Abhay Manohar Sapre, on Hindenburg Foundation’s allegations of manipulation of share prices and fraud against the Adani group before taking a call on a request by Securities and Exchange Board to …

Adani-Hindenburg row: SC to hear matter on May 12
1 year, 7 months ago

Adani-Hindenburg row: SC to hear matter on May 12

Deccan Chronicle  

NEW DELHI: The Supreme Court will hear on May 12 the pleas on the Adani-Hindenburg row and is likely to consider market regulator SEBI's application seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure. The apex court had on March 2 asked SEBI to probe …

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12
1 year, 7 months ago

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12

Live Mint  

The Supreme Court will hear the plea by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group on May 12, according to CNBC-TV18. Sebi had asked the apex court for the extension to finish its investigation into allegations levelled by US-based short seller Hindenburg against the conglomerate, noting that …

Buying time: on the Securities and Exchange Board of India probe and allegations against Adani group
1 year, 7 months ago

Buying time: on the Securities and Exchange Board of India probe and allegations against Adani group

The Hindu  

Barely two days before the expiry of a Supreme Court-stipulated deadline to probe allegations raised by Hindenburg Research about misdemeanours and violations of stock market norms by the Adani group, the Securities and Exchange Board of India has sought at least six more months from the Court to finalise its findings. Following the bloodbath in the prices of most Adani …

‘No conclusions of any alleged wrong-doing’ Adani Group on SEBI’s 6 month extension request to complete Hindenburg probe
1 year, 7 months ago

‘No conclusions of any alleged wrong-doing’ Adani Group on SEBI’s 6 month extension request to complete Hindenburg probe

Live Mint  

After Sebi asked the Supreme Court for a 6-month extension to finish its investigation into the Hindenburg allegations made against the Adani Group, the Gautam Adani-led conglomerate responded saying it is fully cooperating with the probe. "We understand that Sebi has approached the Hon'ble Supreme Court for more time to conclude its investigation," the statement further said. "While we continue …

After Sebi's legal filing in SC, Adani Group says 'no conclusions of wrong-doing'
1 year, 7 months ago

After Sebi's legal filing in SC, Adani Group says 'no conclusions of wrong-doing'

Hindustan Times  

Following the SEBI's request to the Supreme Court for a 6-month extension to complete its investigation into the Hidenburg allegations levelled against the Adani Group, the Gautam Adani-led conglomerate said that it is fully cooperating in the investigation and that the application by the Indian market regulator carries no conclusions of wrongdoing. As a result, the Adani Group's market value …

SEBI asks SC for six more months to complete probe into Hindenburg report
1 year, 7 months ago

SEBI asks SC for six more months to complete probe into Hindenburg report

The Hindu  

The Securities and Exchange Board of India on April 29 asked the Supreme Court for six more months to complete its investigation into Hindenburg Research’s damning report accusing the Adani Group of “brazen stock manipulation and accounting fraud schemes over the course of decades”. “Various information/documents were sought from entities such as the seven listed Adani companies, including subsidiaries, step …

Sebi probing some Adani offshore deals for possible rule violations: Report
1 year, 8 months ago

Sebi probing some Adani offshore deals for possible rule violations: Report

Live Mint  

India's market regulator is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said. Vinod Adani, Gautam Adani's brother, is either a beneficial owner, director or has links with those three offshore entities, said the two sources, adding …

Role and remit: On SC appointing panel to probe Adani case
1 year, 9 months ago

Role and remit: On SC appointing panel to probe Adani case

The Hindu  

It is difficult to welcome unequivocally the Supreme Court order forming a committee to look into possible regulatory failure in dealing with the allegations that the Adani Group companies flouted norms in the securities market. In addition, it has said SEBI should also investigate the charge that the companies failed to maintain the minimum public shareholding or disclose transactions involving …

India’s top court orders probe of Adani business group
1 year, 9 months ago

India’s top court orders probe of Adani business group

Associated Press  

NEW DELHI — India’s top court on Thursday ordered an expert committee to investigate any regulatory failures related to the country’s second-largest conglomerate, the Adani Group. Shares in the group’s flagship, Adani Enterprises, and other affiliated companies have lost tens of billions of dollars in market value since Hindenburg issued its report. The top court also directed the government-run Securities …

India’s top court orders investigation into Adani Group fraud claims
1 year, 9 months ago

India’s top court orders investigation into Adani Group fraud claims

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The fraud claims and regulatory …

Supreme Court forms expert panel to probe any regulatory failure on Adani issue
1 year, 9 months ago

Supreme Court forms expert panel to probe any regulatory failure on Adani issue

The Hindu  

The Supreme Court on Thursday formed a five-member expert committee headed by former apex court judge, Justice Abhay Manohar Sapre, to investigate the causal factors and existence, if any, of regulatory failure which led to investors losing crores due to the volatility in the securities market following Hindenburg Research’s report accusing the Adani Group of manipulation of share prices and …

India top court orders probe into allegations against Adani Group
1 year, 9 months ago

India top court orders probe into allegations against Adani Group

Al Jazeera  

Court asks market regulator to investigate possible lapses in securities law or other regulatory disclosures by Gautam Adani-led group. India’s top court has asked the market regulator to investigate any possible lapses in securities law or other regulatory disclosures by the Adani Group which has been accused of business malpractice by a United States-based short seller. The Supreme Court on …

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