The Congress on April 3 hoped that the Securities and Exchange Board of India (SEBI), tasked with probing charges of alleged stock manipulation by the Adani Group, would not seek further extension for presenting its report in the Supreme Court to push the deadline past the election date.
Congress general secretary Jairam Ramesh said the SEBI should not become another State Bank of India (SBI), which is “too scared to touch the sacred”. In a post on X, Mr. Ramesh said the Hindenburg Research had levelled grave allegations of stock manipulation and violation of securities laws on the ‘Modani’ group last year.
The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
