New Delhi, Jan 3 (SocialNews.XYZ) The Supreme Court on Wednesday refused to form any SIT or group of experts 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 note of the submission made by Solicitor General Tushar Mehta that 22 out of 24 investigations relating to the allegations against Adani group of companies have already been finalised, the bench, also comprising Justices J.B. Pardiwala and Manoj Misra, asked the market regulator to complete the pending two investigations “expeditiously within a period of three months”.
The top court said that reports prepared by third party organisations such as the Organized Crime and Corruption Reporting Project (OCCRP) and Hindenburg Research cannot be regarded as “conclusive proof”.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz