Contradictions and delays cast doubts on regulator’s probe into Adani’s transactions

/ Adani Group, contradictions, Cyprus, deadline extension, Electrogen Infra, foreign portfolio investors, Gardenia Trade, Hindenburg, Investigation, Krunal Trade, Madhabi Puri Buch, Mauritius, Ministry of Finance, offshore entities, regulatory failure, related party transactions, SEBI, Supreme Court, Vinod Adani

The investigations by the Securities and Exchange Board of India (SEBI) into transactions by Adani Group entities have been marred by controversy, raising questions about its ability to handle the high-stakes probe with transparency and efficiency. The Supreme Court of India stipulated a deadline of 2 May 2023 for SEBI to conclude its investigation. However, in May, in response to applications by SEBI, the court extended that deadline to 14 August 2023. SEBI’s floundering has brought the regulator under increased scrutiny.

Published by: Adani Watch
Read full story here: Main Article

Leave a Comment

Your email address will not be published. Required fields are marked *

Start typing and press enter to search

Scroll to Top