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The Hindu

National

Krishnadas Rajagopal

Petitioner in SC accuses SEBI of ‘‘concealing” 2014 DRI alert on Adani

Adani SEBI DRI NDTV Stock Market

A petitioner in the Adani-Hindenburg case in the Supreme Court has filed an affidavit accusing the Securities and Exchange Board of India (SEBI) of “concealing” an alert it received from the Directorate of Revenue Intelligence (DRI) about stock market manipulation by the Adani group in 2014.

Anamika Jaiswal, represented by advocates Prashant Bhushan and Cheryl D’Souza, alleged that SEBI had “concealed a January 2014 DRI alert about Adani having siphoned off money and invested them in Adani listed companies through entities based in Dubai and Mauritius”.

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