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The Supreme Court on Wednesday refused to form any SIT or group of experts to conduct an investigation into the Adani-Hindenburg controversy saying that the media and third party reports were not conclusive proof.
Market regulator Securities and Exchange Board of India (SEBI) and its then chairman UK Sinha, did not act on an alert raised by the directorate of revenue intelligence (DRI) on the Adani group and failed to conduct an investigation based on the DRI alert, alleges a petitioner in a recent affidavit filed before the Supreme Court in the Adani-Hindenburg matter.
Gautam Adani-led Adani group on Thursday clarified that as per the applicable Indian regulations, Vinod Adani, elder brother of the group head, is part of the promoter group of various listed entities within the group.