Priyanka Chaturvedi Shiv Sena (UBT) MP seeks details of probe against Adani Group Cos

Priyanka Chaturvedi Shiv Sena (UBT) MP seeks details of probe against Adani Group Cos

In a new development to Adani Group of Companies investigations, Priyanka Chaturvedi Shiv Sena (UBT) MP
has addressed a letter to SEBI seeking details purporting to the investigations conducted
against some Adani group owned companies.

Through letter dated April 18, posted on Twitter on Thursday, as per Chaturvedi SEBI had initiated a probe in April 2021 against some Adani group of Companies.

But, neither closure report has been filed nor any reason for the delay has been shared by the regulator.

In the lwtterhe details of the investigation and reasons for the delay in completion of the investigation must be apprised to the general public. The regulator must also look into the allegations of related entities manipulating the stock prices,” Chaturvedi said in the letter.

This will ensure transparency and investor confidence, the Rajya Sabha member added.

The Adani group faces allegations of stock manipulation and fraud raised by US short-seller Hindenburg Research. The group has denied the allegations, which created a political firestorm and eroded the tycoon*s net worth.

In Parliament, the Congress along with 18-19 parties including the Shiv Sena (Uddhav Balasaheb Thackeray), has sought a joint parliamentary committee to probe the issue.

News input KV Raman