what is written in the letter
He said that SEBI had started investigation in the year 2021 against some companies of Adani Group. However, SEBI has neither filed any ‘closure report’ nor given any reason for the delay. Chaturvedi said in the letter, “The details of the investigation and the reasons for the delay in completion of the investigation should be made known to the general public. The regulator should also look into the allegations of manipulation of share prices by the entities concerned.” Chaturvedi, a Rajya Sabha member, said this would ensure transparency and investor confidence.
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Hindenburg Research has made allegations
American research company Hindenburg Research has accused the Adani Group of stock manipulation and fraud. Adani Group has denied the allegations. Congress along with 18-19 parties including Shiv Sena (UBT) has demanded setting up of a Joint Parliamentary Committee to probe the matter.
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