Adani-Hindenburg Scandal: SEBI Playing for Time?
The conclusion of SEBI’s investigation and the release of its results to the public may be a crucial turning point in the run-up to the 2024 Lok Sabha elections.
The conclusion of SEBI’s investigation and the release of its results to the public may be a crucial turning point in the run-up to the 2024 Lok Sabha elections.
The Supreme Court-appointed expert committee in the Adani-Hindenburg case advocates for Adani’s exoneration and finds no regulatory failure by SEBI. The SC-appointed committee’s report itself exposes the limitations it faced.
Are the government and its agencies acting in a discriminatory manner so far as Jatin Mehta is concerned? Is there any weight to Congress’s allegations that he is getting preferential treatment on account of his links with the Adani family? Long before allegations of fraud levelled by banks against Nirav Modi and Mehul Choksi made headlines in the media in India and the world, another diamantaire from Gujarat, Jatin Mehta, and his group of companies had caused a major loss to Indian and international banks and became the one of the largest wilful defaulters of loans.
The fugitive billionaire Jatin Mehta has long evaded the grasp of Indian authorities, despite having been declared a wilful defaulter by a number of Indian banks. Is his connection to the Adani family responsible for the government slow-walking its efforts to repatriate and prosecute him? In 2018, the Congress party had alleged that the Narendra Modi government had turned a blind eye to Jatin Mehta’s alleged misdemeanours, allowing him to leave India and delaying the filing of cases against him.
Bhandari, who the Indian government wants to extradite from the UK, has alleged in court that French firm Thales cheated him through a complex structure of companies, one of which is promoted by a firm founded by Rajeev Chandrasekhar, Minister of State for Electronics and IT. The allegations, yet to be proven, find place in documents lodged in a French court. The Indian media has not picked up the story.
An association of small textile manufacturers and market leader Reliance Industries Limited are engaged in a fight over import duties on Mono Ethylene Glycol, a key raw material in the manufacture of synthetic fibres.
An attempted ‘interference’ in a legal dispute associated with Mukesh Ambani’s residence prompted an explosive protest by attorney general KK Venugopal before the Supreme Court. The connection has been ignored by the mainstream media although all averments are in the public domain. Newsclick connects the dots in this exclusive analysis.
Governor Ganeshi Lal assured the Adivasis that he would write to the Odisha Chief Minister recommending that they be rehabilitated and resettled as per law, no further projects are taken up in the area, and no penal action is initiated against them until then.
गुरुवार को झारखंड के गोड्डा जिले में स्थित सुंदरपहाड़ी ब्लॉक के आमजोड़ा गांव में आदिवासी अस्तित्व और पर्यावरण सुरक्षा का ऐलान किया गया। कल दिनभर चले सम्मेलन में गोड्डा पावर प्लांट, बोआरीजोर ट्रांसमिशन लाइन, साहेबगंज रिजर्वोयर आदि प्रोजेक्ट प्रभावित इलाकों में रहने वाले करीब 500 लोगों ने शिरकत की।