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 Committee probe was needed to fully investigate the Adani issue but a speedy SEBI investigation was also required to get to the bottom of the “very serious allegations”. But a long six-month extension risks the perception that the investigation is not being vigorously and seriously pursued but is being buried, as happened with at least two previous SEBI investigations into the Adani Group,” tweeted Mr. Ramesh, tagging a news report. https://t.co/gwVz3pe11W SEBI seems to have found many irregularities worthy of investigation in the Adani MegaScam, and we urge it to pursue each lead to its logical conclusion. But a long six-month extension risks the perception that the investigation is not being vigourously… — Jairam Ramesh May 1, 2023 “India needs a JPC to fully investigate Modani, but it also needs a speedy SEBI investigation to get to the bottom of the very serious allegations,” he added.

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History of this topic

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’
Trending News
1 month, 1 week ago

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’

Live Mint  

Adani Group Chairman Gautam Adani on Saturday, November 30, responded to the alleged bribery and fraud allegations against the conglomerate, saying that the legal matter involving the US Department of Justice is a challenge which the Group has faced "not for the first time". What I can tell you is that every attack makes us stronger and every obstacle becomes …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
1 month, 1 week ago

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

The Hindu  

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

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh
1 month, 2 weeks ago

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh

Hindustan Times  

The Congress on Wednesday reiterated its demand for a probe into the alleged irregularities by industrialist Gautam Adani and his nephew Sagar following a criminal indictment and civil complaint by US prosecutors and regulators. Calling the clarification by Adani Green Energy, a subsidiary of the Adani Group, as nothing but “damage control through denial”, Congress general secretary Jairam Ramesh said …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
1 month, 2 weeks 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, 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 …

Déjà vu moment for Adani Group after Hindenburg allegations
1 month, 2 weeks ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

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

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud
1 month, 3 weeks ago

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud

New Indian Express  

NEW DELHI: With billionaire Gautam Adani charged in the US with alleged bribery and fraud, the Congress on Thursday said it "vindicates" its demand for a Joint Parliamentary Committee investigation into the various "scams" involving his conglomerate. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay over USD 250 million bribe to …

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

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

New Indian Express  

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

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 …

‘SEBI chairperson must resign’: Jairam Ramesh says while reiterating Congress’ demand for JPC probe
4 months, 3 weeks ago

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

The Hindu  

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

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
4 months, 3 weeks ago

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

The Hindu  

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

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

​Step down: On upholding the integrity of SEBI

The Hindu  

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

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

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

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

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

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

The Hindu  

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

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 …

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

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

Live Mint  

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

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points
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 report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe
5 months ago

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

Hindustan Times  

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

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

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

Hindustan Times  

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

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report
5 months ago

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report

Hindustan Times  

US-based investment research firm “Hindenburg Research” on Saturday shared a cryptic post hinting at another major India-focused report. In an X post on Friday, the firm worte, “Something big soon India.” In 2023, following the allegations against the Adani Group, shares of various Adani companies plummeted, with reported losses exceeding USD 100 billion. These accusations, detailed in the report by …

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 …

21 Global Groups Write to CJI to Resolve Adani Case
7 months, 2 weeks ago

21 Global Groups Write to CJI to Resolve Adani Case

Deccan Chronicle  

New Delhi: At least 21 international organisations have written to Chief Justice D.Y. Chandrachud and requested the Supreme Court to speedily resolve the pending case filed by the Directorate of Revenue Intelligence, investigating Adani Group firms for alleged overvaluation of Indonesian coal imports. Contending that they stand firmly against the continued use of fossil fuels, organisations said the Financial Times …

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 finds Adani offshore investors in disclosure rules violation: Report
8 months, 2 weeks ago

Sebi finds Adani offshore investors in disclosure rules violation: Report

Hindustan Times  

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

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

'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 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 …

‘Truth has prevailed’, says Gautam Adani after SC judgment
1 year ago

‘Truth has prevailed’, says Gautam Adani after SC judgment

Live Mint  

Adani Group Chairman Gautam Adani on Wednesday welcomed the Supreme Court judgment in the Hindenburg case. The top court on January 3 pronounced its verdict on a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. The pleas claimed the allegations that the Adani Group, considered close to the …

SC says ‘petitions lack adequate research’
1 year ago

SC says ‘petitions lack adequate research’

Live Mint  

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

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

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 …

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