The Supreme Court on Wednesday said investigative pieces by newspapers and reports by independent groups cannot be used by petitioners in court as conclusive proof of the inadequacy of an investigation by a specialised regulator.
A three-judge Bench headed by Chief Justice of India D.Y. Chandrachud made the observation while dealing with petitioners’ argument against the Securities and Exchange Board of India (SEBI) investigation into the Adani Group.
The petitioners had highlighted the Organised Crime and Corruption Reporting Project (OCCRP)’s findings of alleged stock manipulation and accounting fraud against the Adani Group. In August, British dailies Financial Times and The Guardian had reported on the OCCRP investigation.
