Fresh plea in SC for speedy investigation into Adani row

New Delhi, August 13

A fresh plea has been filed in the Supreme Court seeking a direction to Securities and Exchange Board of India (SEBI) for speedy conclusion of its investigation in two pending cases related to allegations of stock price manipulation by the Adani Group.

The petitioner has claimed that the fresh report of US short-seller Hindenburg Research against SEBI Chairperson Madhabi Buch alleging that she and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal has created an “atmosphere of doubt” in the minds of the general public and investors.

Vishal Tiwari was one of the petitioners before the top court in 2023 and had sought a probe into the allegations of stock price manipulation by the Adani group.

In his fresh application, Tiwari challenged an order of the SC registrar of August 5 refusing to register his plea for expeditious completion of the pending investigation by SEBI in two cases related to the allegations levelled against the Adani Group. — PTI