Key Points
The six-member expert panel set up by the Supreme Court following the publication of the Hindenburg report on the Adani Group has submitted a report in a sealed cover to the apex court on May 8...
It is not known whether the committee has completed its investigation into all the issues pointed out by the top court in its March 2 order, or whether it has also sought further time to conclude its findings...
On April 29, the Securities and Exchange Board of India (Sebi) moved SC seeking a six-month extension to complete its probe into allegations of fraud and stock manipulation levelled by US research firm Hindenburg against the Adani Group...
The panel is headed by former Supreme Court judge AM Sapre and consists of former bankers KV Kamath and OP Bhatt, Infosys co-founder Nandan Nilekani, securities lawyer Somasekhar Sundaresan and retired high court judge JP Devadhar...
It also appraised the panel of its interim findings related to the Adani case.. Sebi also submitted to the committee that it has crystallised a prima facie view on the allegations made in the Hindenburg report against the Adani Group on "12 suspicious transactions for possible violations related to mis-representation of financials, circumvention of regulations and fraudulent nature of transactions"...
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