Key Points
Union minister Giriraj Singh attacked the Congress and said the strictest action would be taken against Hindenburg Research for defaming India..
Congress leader Jairam Ramesh on Monday reiterated the demand for a probe into US-based short-seller Hindenburg Research allegations that Securities Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal while demanding the resignation of the chief of the stock market regulator to restore its integrity.I)..
The Supreme Court, empowered by the Constitution, must transfer the investigation to the CBI [Central Bureau of Investigation] or a Special Investigation Team (SIT) given the likelihood of SEBIs compromise..
Ramesh said the Supreme Court in March 2023 directed SEBI to expeditiously conclude the investigation into allegations of stock manipulation and accounting fraud against the Adani Group within two months..
It is shocking to discover that the SEBI Chairperson and her husband invested in the same opaque Bermuda- and Mauritius-based offshore funds where Vinod Adani and his close associates, Chang Chung-Ling and Nasser Ali Shaban Ahli, also invested..
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