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 norms and consequential violations”, which happens to be a part of the U.S.-based short-seller’s damning report against the Adani Group. The Solicitor General said the 2016 “investigation”, brought up time and again, concerned an order of the SEBI regarding the issuance of Global Depository Receipts by 51 Indian listed companies. “Though the SEBI had directed the freezing of Foreign Portfolio Investments, including that of Albula Investment Fund Limited, Cresta Fund Limited and APMS Investment Fund Limited as a consequence of its 2016 order, it is hereby clarified that this action is purely in consequence of the GDR matter and not related to any examination into ‘so and so’ company,” Mr. Mehta submitted. On Wednesday, Mr. Ramesh, referring to the three-month extension given to SEBI, tweeted that only a Joint Parliamentary Committee would reveal the “whole truth” and the “SC-supervised investigation is limited to violations of securities laws”.

Supreme Court Investigation Court Report Minister Mehta Sebi Parliament Adani Mps 2016 Hindenburg Mps Norms  14  group  2016  grants  supreme  investigation  related  limited  court  till  norms  adani  hindenburg  complete  report  sebi  minister  enquiry

History of this topic

Fresh plea in SC seeks probe into US indictment of Gautam Adani
1 month, 2 weeks 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, 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 …

Sebi investigating if Adani group flouted disclosure rules
1 month, 2 weeks 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 …

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 …

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

Seven Adani group firms say received SEBI show cause notices
8 months, 1 week 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 should not become another SBI, 'too scared to touch the sacred': Congress
9 months, 1 week 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 …

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 …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year 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 …

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 row | Gautam Adani says ‘truth has prevailed’
1 year 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 …

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 …

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, …

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. …

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 …

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 …

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court
1 year, 3 months ago

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court

Live Law  

In the Adani-Hindenburg matter, the petitioner seeking a Court monitored investigation against the Adani group companies has filed a new affidavit in the Supreme Court in the light of the recent investigative reports published by certain media houses against the conglomerate. The affidavit also provided details of alleged suppression of facts by SEBI before the Supreme Court and incriminating findings …

'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 …

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms
1 year, 6 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 …

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: 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. …

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 …

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 …

Discover Related