A writ petition has been filed in the Supreme Court on Tuesday seeking investigation against the Adani conglomerate in the light of the Hindenburg Research report.
The petition has been filed by Congress leader Dr.Jaya Thakur alleging that Gautam Adani and his associates have “swindled lakhs of crores of public money”.
It alleged Adani group of deception and malpractice. The suit claims that the Hindenburg report demonstrates that Gautam Adani, his brother, and their colleagues committed in significant money laundering using a variety of offshore shell companies they established up in different tax havens.
Thakur also seeks probe by investigating agencies like CBI, ED, DRI, SEBI, RBI, SFIO etc under the supervision and monitoring of a sitting judge of the Supreme Court.
Accordingly, the petition demanded an investigation to determine if LIC and SBI’s investments in Adani group companies violated their obligations to investors and the general public.
The petitioner, who currently serves as the general secretary of the Mahila Congress in Madhya Pradesh, claimed that she personally has investments in LIC and a State Bank of India account.
It is also important to note that the Supreme Court is currently considering two other PILs which have sought investigation against Hindenburg Research for causing stock market losses through short-selling.
The Supreme Court has upheld a decision by the Madras High Court granting a divorce…
The Delhi High Court has granted transit anticipatory bail to a lawyer whose brother is…
Former Supreme Court Justice Madan B Lokur has been recently named the chairperson of the…
The Karnataka High Court has recently directed the National Law School of India University (NLSIU)…
The Allahabad High Court has directed the Uttar Pradesh Vigilance Department to investigate the Himalayan…
The Allahabad High Court on Friday issued an order staying the arrest of Mohammed Zubair,…