CJI says Supreme Court does not have to accept Hindenburg report accusing Adani Group of irregularities and corporate misgovernance as 'ipso facto factually correct'.
Rahul’s fresh attack on Adani Group followed a report by Organised Crime and Corruption Reporting Project. His demand for a JPC probe had earlier been dismissed by ally NCP.
OCCRP report names 2 foreign businessmen, which it says have 'widely reported' ties with Adani family and 'invested in publicly traded Adani stock through opaque investment funds'.
SEBI is investigating short-seller Hindenburg’s January report against the Adani Group. Allegations related to minimum public shareholding norms were key to the Hindenburg report.
GQG Partners has been ramping up its investment in Adani firm ever since short-seller's critical report in January sparked stock rout, wiping out $147 bn from its market value.
Months after allegations by Hindenburg Research, US Attorney’s Office, Securities and Exchange Commission has sent inquiries to investors with large holdings, according to Bloomberg report.
The 6-member panel in a report on 6 May also said markets regulator SEBI had ‘drawn a blank’ in investigations into suspected violations by overseas entities allegedly linked to the Adani Group.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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