The Supreme Court’s decision not to transfer the probe into allegations of stock price manipulation by the Adani group to the Central Bureau of Investigation or to a special investigation team, instead giving an additional three months to the Securities and Exchange Board of India (SEBI), is “extraordinarily generous”, the Congress said on January 3, asserting that its fight against “crony capitalism” would continue even more “forcefully”.
The Communist Party of India (Marxist) also termed the judgement as “disappointing” and “unfortunate on several counts”.
Congress communications chief Jairam Ramesh said that SEBI had failed to complete its investigation even ten months after the Supreme Court’s expert committee had asked it to do so. “It is unclear what will change in the next three months other than the Model Code of Conduct for the Lok Sabha elections coming into effect,” he said.
