Supreme Court Urged for Prompt SEBI Probe on Adani Group Allegations

A fresh plea has been filed in the Supreme Court seeking urgent completion of SEBI's investigation into Adani Group's stock price manipulation allegations. Petitioner Vishal Tiwari cited a new report by Hindenburg Research raising doubts about SEBI's chairperson, emphasizing the need for clarity to restore public and investor confidence.

In a significant development, a new plea has been filed in the Supreme Court requesting expedited action by SEBI in concluding its investigation into stock price manipulation allegations against the Adani Group.

The petitioner, Vishal Tiwari, raised concerns over a recent Hindenburg Research report, alleging that SEBI chairperson Madhabi Buch and her husband had vested interests in offshore funds tied to the Adani scandal.

The plea insists that the unresolved investigations and fresh allegations have created serious doubts in the minds of the public and investors, necessitating prompt conclusions to restore confidence.

(With inputs from agencies.)