As the Supreme Court-appointed expert committee observed on Friday that there was “no coherent pattern of abusive trading” by the Adani group and that some of the charges were “still under investigation”, Adani-owned media house NDTV summed up the 173-page report with this catchphrase: “clean chit”.
The expert panel report pertains to the investigations against Adani group for alleged violation of minimum public share-holding, disclosure of related party transactions and stock price manipulations. The allegations were stirred by a report – titled “Adani Group: How the world’s 3rd richest man is pulling the largest con in corporate history” – published by US-based short-seller Hindenburg Research on January 24.
