The Supreme Court on Wednesday refused to type any SIT or group of consultants to conduct an investigation into the Adani-Hindenburg controversy.
“SEBI should take its investigation to its logical conclusion in accordance with law. The facts of this case do not warrant a transfer of investigation from SEBI, ” held a bench presided over by CJI D.Y. Chandrachud.
Taking word of the submission made by Solicitor General Tushar Mehta that 22 out of 24 investigations regarding the allegations towards Adani group of corporations have already been finalised, the bench, additionally comprising Justices J.B. Pardiwala and Manoj Misra, requested the market regulator to finish the pending two investigations “expeditiously within a period of three months”.
The prime court docket stated that studies ready by third occasion organisations such because the Organized Crime and Corruption Reporting Project (OCCRP) and Hindenburg Research can’t be thought to be “conclusive proof”.