Adani-Hindenburg: SC asks probe panel to submit its report within two months
1 year, 10 months ago

Adani-Hindenburg: SC asks probe panel to submit its report within two months

Live Mint  

Supreme Court on Thursday said it has set up a six-member panel to look into regulatory mechanisms to protect investors' interest after a report by a U.S. short seller on the Adani conglomerate led to large investor losses The apex court directed market regulator SEBI to investigate whether there has been a violation of Section 19 of SEBI rules and whether there was any manipulation of stock prices. The apex court has also directed SEBI to conduct the investigation within 2 months and submit a status report. The bench also directed the Centre, financial statutory bodies and the SEBI chairperson to render all cooperation to the panel which will have to submit its report within two months. Indian markets regulator SEBI has been investigating the critical Jan. 24 report by Hindenburg Research that alleged the Adani group improperly used offshore tax havens and manipulated stocks, allegations the conglomerate has denied.

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History of this topic

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court
1 month, 2 weeks 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, 2 weeks 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 …

Congress to hold 20 press conferences on Aug 21 to highlight need for JPC probe into allegations against Adani, Sebi
4 months, 3 weeks ago

Congress to hold 20 press conferences on Aug 21 to highlight need for JPC probe into allegations against Adani, Sebi

New Indian Express  

The Congress had earlier said that the demand for a JPC probe goes beyond the findings of the Hindenburg report as it is "just the tip of the iceberg." "The demand for a Joint Parliamentary Committee investigation into the Adani Mega Scam goes far beyond the revelations made by Hindenburg Research's reports. The party has been pushing for a transparent …

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

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report
5 months ago

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report

ABP News  

Securities Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch denied allegations levelled by US short-seller Hindenburg Research, of having stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. "In the context of allegations made in the Hindenburg Report dated August 10, 2024, against us, we would like to state that we …

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

Hindenburg Research gets ‘show cause’ notice from SEBI over Adani Group report
6 months, 1 week 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'
6 months, 1 week 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 …

Plea filed in SC seeks to review Adani-Hindenburg verdict
10 months, 4 weeks ago

Plea filed in SC seeks to review Adani-Hindenburg verdict

The Hindu  

A review petition was filed on Tuesday in the Supreme Court seeking a relook of its January verdict backing the investigation of the Securities and Exchange Board of India in the Adani-Hindenburg case and refusing to transfer the probe to the Central Bureau of Investigation or a Special Investigation Team. The review petition urged the court to set a “firm …

Adani-Hindenburg case: Review petition filed in SC against January 3 verdict
10 months, 4 weeks 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, 4 weeks 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. …

Adani verdict: Onus now on Sebi to reinforce investor confidence
1 year 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 …

Investigate If Losses To Indian Investors Due To Short Selling In Adani Shares By Hindenburg & Others Violated Law : Supreme Court
1 year ago

Investigate If Losses To Indian Investors Due To Short Selling In Adani Shares By Hindenburg & Others Violated Law : Supreme Court

Live Law  

While refusing to order an SIT probe into allegations levelled regarding stock price manipulations against the Adani Group in the Hindenburg Research Report, the Supreme Court today ordered the Securities and Exchange Board of India and the investigative agencies of the Union government, to probe into whether the loss suffered by Indian investors due to the conduct of the. While …

'Truth has prevailed': Gautam Adani tweets after SC refused to order SIT probe on claims by short-seller Hindenburg
1 year 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
1 year 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 Case: No Ground to Transfer SEBI Investigation, Says SC
1 year 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
1 year 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
1 year 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
1 year 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
1 year 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
1 year 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
1 year 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, …

Plea In Supreme Court For Contempt Action Against SEBI For Not Completing Probe In Adani-Hindenburg Matter
1 year, 1 month ago

Plea In Supreme Court For Contempt Action Against SEBI For Not Completing Probe In Adani-Hindenburg Matter

Live Law  

An application has been filed in the Supreme Court seeking the initiation of contempt proceedings against the Securities and Exchange Board of India for not completing its investigation into the Adani-Hindenburg matter despite the timeframe fixed by the Court.The applicant, Advocate Vishal Tiwari, one of the petitioners who filed PIL seeking a Court-monitored probe on the issue,. An application has …

SEBI to tell court Adani inquiry began 2014, but hit dead end: sources
1 year, 3 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 …

'22 out of 24 matters probed’: SEBI submits status report to SC in Adani case
1 year, 4 months ago

'22 out of 24 matters probed’: SEBI submits status report to SC in Adani case

Hindustan Times  

Capital markets regulator SEBI on Friday informed the Supreme Court that it has completed the probe in all but two allegations against the Adani group and is still awaiting information from five tax havens on actual owners behind foreign investors investing in the conglomerate. SEBI also said an interim report has been approved by the competent authority with respect to …

Adani probe: Sebi seeks 15 more days
1 year, 4 months ago

Adani probe: Sebi seeks 15 more days

Live Mint  

The Securities and Exchange Board of India sought a 15-day extension from the Supreme Court to conclude its investigation into stock manipulation allegations against Adani Group by US short-seller Hindenburg Research, asserting that the markets regulator has made substantial progress in the probe. “In the remaining two matters, the investigation is at an advanced stage in one matter, and in …

Adani-Hindenburg case: SEBI tells SC it has completed probe in 24 ‘matters’, wants 15-day extension to submit status report
1 year, 4 months ago

Adani-Hindenburg case: SEBI tells SC it has completed probe in 24 ‘matters’, wants 15-day extension to submit status report

The Hindu  

The Securities and Exchange Board of India on Monday asked the Supreme Court for 15 days more to complete its inquiry into a report by U.S.-based Hindenburg Research accusing the Adani Group of “brazen stock manipulation and accounting fraud schemes over the course of decades”. A report by the court’s own six-member expert committee, headed by former Supreme Court judge …

Adani-Hindenburg | Supreme Court Enquires About Background Of Legislative Changes Made By SEBI In Regulatory Framework
1 year, 5 months ago

Adani-Hindenburg | Supreme Court Enquires About Background Of Legislative Changes Made By SEBI In Regulatory Framework

Live Law  

In the Adani Hindenburg matter, the Supreme Court enquired about the background of the legislative changes introduced by SEBI in the regulatory framework. This was after Advocate Prashant Bhushan, appearing for a petitioner seeking probe into the Hindenburg allegations, pointed out that as per the Expert Committee, SEBI's investigation will not reach anywhere owing to their own amendments. This was …

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 …

Supreme Court grants SEBI time till August 14 to complete enquiry against Adani group
1 year, 7 months ago

Supreme Court grants SEBI time till August 14 to complete enquiry against Adani group

The Hindu  

The Supreme Court on Thursday gave the Securities and Exchange Board of India time till August 14 to complete its investigation into the Hindenburg-Adani Group allegations even as the market regulator clarified that the “investigation” referred to by Minister of State for Finance Pankaj Chaudhary in Parliament on July 19, 2021 concerns an October 2020 probe into “minimum public shareholding …

Adani-Hindenburg: SC gives SEBI extension till August 14 to complete probe
1 year, 7 months ago

Adani-Hindenburg: SC gives SEBI extension till August 14 to complete probe

Live Mint  

The Securities and Exchange Board of India has received an extension of time till August 14 to complete its probe into the Adani-Hindenburg episode. SEBI informed the Supreme Court on May 15 that it had not conducted any public investigation into Adani group companies, listed on the stock exchange, since 2016 regarding the suspected misuse of global depository receipts for …

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. …

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 …

Claims baseless, no probe into Adani since 2016, Sebi tells SC
1 year, 7 months ago

Claims baseless, no probe into Adani since 2016, Sebi tells SC

Live Mint  

New Delhi: The markets regulator has not investigated publicly traded Adani group companies since 2016 for suspected misuse of global depository receipts to route black money or any other violation, the Securities and Exchange Board of India told the Supreme Court on Monday. Sebi reiterated its request for an additional six months to conclude its investigation into the Adani-Hindenburg incident …

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 …

SC offers 3-month extension to Sebi on Adani group case
1 year, 7 months ago

SC offers 3-month extension to Sebi on Adani group case

Live Mint  

The Supreme Court on Friday offered an additional three months to the Securities and Exchange Board of India to complete its investigation into the alleged violation of laws by the Adani group, expressing reservations about the regulator’s request for a six-month timeframe. The court, however, said it would review the Justice Sapre committee’s report on regulatory failure and breach of …

Adani-Hindenburg row: SC to hear matter on May 12
1 year, 8 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, 8 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, 8 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 …

Giving 6 more months to SEBI to complete Adani probe may create perception that issue is sought to be buried, says Congress
1 year, 8 months ago

Giving 6 more months to SEBI to complete Adani probe may create perception that issue is sought to be buried, says Congress

The Hindu  

Giving a six-month extension to the Securities and Exchange Board of India to complete its investigation against the Adani Group would send an impression that the probe against the conglomerate was not to pursue the charges but to bury them, the Congress said on May 1. Congress general secretary Jairam Ramesh took to Twitter to reiterate that a Joint Parliamentary …

‘No conclusions of any alleged wrong-doing’ Adani Group on SEBI’s 6 month extension request to complete Hindenburg probe
1 year, 8 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 …

SEBI asks SC for six more months to complete probe into Hindenburg report
1 year, 8 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 seeks 6-month extension to complete Adani probe: Report
1 year, 8 months ago

Sebi seeks 6-month extension to complete Adani probe: Report

Hindustan Times  

India’s market regulator has asked for a six-month extension to complete its probe into possible lapses in securities market laws and regulatory disclosures by billionaire Gautam Adani's Adani group, according to a court document seen by Reuters. The Securities and Exchange Board of India filed its request with the Supreme Court on Saturday, citing complex transactions involving the conglomerate's listed, …

Cong Presses for JPC to Probe Adani Issue, Says Mandate of SC-appointed Panel Limited
1 year, 8 months ago

Cong Presses for JPC to Probe Adani Issue, Says Mandate of SC-appointed Panel Limited

News 18  

A Joint Parliamentary Committee on the Adani issue is essential to present the ”unvarnished truth” to the people, the Congress said on Wednesday after billionaire Gautam Adani’s elder brother reportedly resigned as director of three companies. Congress general secretary Jairam Ramesh said that while the Congress awaits the report of the Supreme Court-appointed Expert Committee on the ”Adani mega scam”, …

Congress questions SC committee's ability to probe allegations against Adani
1 year, 9 months ago

Congress questions SC committee's ability to probe allegations against Adani

Op India  

On Saturday, April 8, Congress national secretary Jairam Ramesh expressed reservations about the Supreme Court-monitored investigation into Hindenburg’s charges against the Adani Group and demanded that the matter is investigated by a joint parliamentary committee. This Mr. M's 4D policy https://t.co/XmsbfrlGXa — Jairam Ramesh April 8, 2023 Congress’ Maharashtra ally and NCP chief Sharad Pawar bats for SC committee The …

Role and remit: On SC appointing panel to probe Adani case
1 year, 10 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 …

‘Mr Nagpur Wakeelsaab...’: Mahua Moitra after Harish Salve's Hindenburg remarks
1 year, 10 months ago

‘Mr Nagpur Wakeelsaab...’: Mahua Moitra after Harish Salve's Hindenburg remarks

Hindustan Times  

Trinamool Congress MP Mahua Moitra on Saturday hit out at senior lawyer Harish Salve for demanding a detailed probe against the US-based short-seller Hindenburg Research over the Adani row. In an interview to NDTV, Salve said Hindenburg “is no Good Samaritan” and that the committee should find all those who have made huge money by shorting shares. Taking a potshot …

Adani-Hindenburg | Formation Of Expert Committee Does Not Divest SEBI Of Its Responsibilities In Continuing Investigation : Supreme Court
1 year, 10 months ago

Adani-Hindenburg | Formation Of Expert Committee Does Not Divest SEBI Of Its Responsibilities In Continuing Investigation : Supreme Court

Live Law  

The Supreme Court of India, in its judgement constituting an expert committee to review the regulatory mechanism in the light of Adani-Hindenburg issue, provided details regarding a note SEBI had submitted before the bench to set out the existing statutory regime for investors in India. The court remarked that the constitution of the expert committee did not divest SEBI of …

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