In a recent investigation by the Securities and Exchange Board of India (SEBI) into the Adani-Hindenburg matter, several key highlights have emerged, shedding light on the complex dynamics surrounding the case.
1. International Influence Concerns: The Solicitor General raised alarm about a growing trend of disseminating stories outside India to sway matters within the country.
2. Adani Group Clears Disclosure Rules: An expert committee found no breach of existing disclosure rules by the Adani Group, offering a huge reprieve to the conglomerate.
3. Judicial Caution: Chief Justice of India (CJI) emphasized that the Hindenburg report cannot be taken as the absolute truth, underlining the need for SEBI’s investigative involvement.
4. SEBI’s Mandate: CJI highlighted that SEBI was tasked with the investigation precisely due to the uncertainty surrounding the Hindenburg report.
5. Timely Probe: SEBI did not request additional time for its investigation into the Adani matters, implying a swift and thorough examination.
6. Warning to Prasgant Bhushan: The Supreme Court cautioned Prashant Bhushan against casting aspersions on the credibility of the expert committee members.
7. Restriction on Report Reading: Bhushan was barred from referencing the Hindenburg report in court proceedings.
8. SC lacks faith in Hindenburg & OCCRP report? : The Supreme Court declared that both Hindenburg and OCCRP reports should not be automatically treated as credible sources of information.
9. No Charges by SEBI: SEBI did not level any charges against the Adani Group during the court proceedings.
10. International Collaboration: The Solicitor General revealed a connection with OCCRP, a journalistic organization whose policy is to withhold details available to an NGO operated by Prashant Bhushan.
The proceedings reflect a nuanced perspective, urging caution in accepting the Hindenburg & OCCRP reports as absolute truths and highlighting the need for thorough, unbiased investigations
JAN KI BAAT accesses exclusive details of the proceedings of SEBI’s investigation into Adani-Hindenburg matter. Here’s a tweet thread on it
1. SEBI’s expert committee doesn’t find Adani Group in breach of disclosure rules, providing respite amidst the Adani-Hindenburg controversy.
2. CJI warns against treating the Hindenburg report as the “true state of affairs,” emphasizing the importance of SEBI’s probe.
3. Solicitor General expressed concerns about the growing trend of planting stories outside India to influence matters within the country.
4. Supreme Court cautions Prashant Bhushan against making aspersions on the credibility of expert committee members involved in the case.
5. International collaboration revealed: Solicitor General discloses a connection with OCCRP, a journalistic organization linked to Prashant Bhushan.
6. SEBI’s swift investigation: No additional time requested, indicating a focused and timely examination of Adani matters.
7. Chief Justice of India underscores that a publication’s work cannot be treated as the gospel of truth, reinforcing the importance of objective scrutiny.
8. Supreme Court bars Bhushan from referencing the Hindenburg report in court, asserting the need for a fair and impartial legal process.
9. Credibility questioned: Supreme Court declares that Hindenburg and OCCRP reports cannot be automatically treated as credible sources.
10. SEBI makes no charges against Adani Group in court, shaping a narrative of cautious optimism in the ongoing investigation.
SHARE
