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The Hindu
The Hindu
National
The Hindu Bureau

SEBI is ‘reluctant’ to probe allegations against the Adani Group, Congress alleges

Adani SEBI Jairam Ramesh the Adani Group JPC Opal Adani Power

The Congress alleged that the Securities and Exchange Board of India (SEBI) was “reluctant” to investigate the allegations against the Adani Group, and reiterated its stance that only a probe by a Joint Parliamentary Committee (JPB) to bring out the truth would suffice.

Citing a news report, Congress general secretary (communication) Jairam Ramesh said that the “stench of illegality” around another Adani-linked shell company, Opal Investment, was getting stronger.

Mr. Ramesh claimed that “fresh revelations” show to the firm, which controls ₹8,000 crore worth of equity in Adani Power, was set up as a “single person company” in Dubai in May 2019.

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