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The Hindu
The Hindu
National
The Hindu Bureau

SEBI should find ultimate beneficial owners of foreign funds invested in the Adani Group, says Congress

SEBI Adani Group the Adani Group Jairam Ramesh The Securities and Exchange Board of India G20 India

The Securities and Exchange Board of India (SEBI) should use all means at its disposal to get clarity about the ultimate beneficial ownership of foreign funds invested in the Adani Group, the Congress said on May 3.

In a statement, All India Congress Committee (AICC) general secretary (communication) Jairam Ramesh said public interest must not be undermined using the excuse of confidentiality and privacy.

The Congress statements came after a news report claimed some foreign funds invested in Adani Group companies have declined to identify their beneficial owners, citing client confidentiality and foreign privacy laws.

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