SEBI: Investigation report of Adani-Hindenburg case… 15 more days sought from Supreme Court
[ad_1]
creative common
The market regulator said it has sought more information from other regulators and foreign jurisdictions for further course of action. However, the market regulator in its latest application said that there has been “considerable progress” in its probe.
The Securities and Exchange Board (SEBI) has requested an additional 15 days to complete its probe in the Adani-Hindenburg case. In a legal filing, Sebi said it has completed investigation into 17 transactions carried out by Adani Group out of 24 taken up for investigation. The market regulator said it has sought more information from other regulators and foreign jurisdictions for further course of action. However, the market regulator in its latest application said that there has been “considerable progress” in its probe. The regulator said that out of the above 24 investigations/examinations, 17 are final and complete and approved by the competent authority as per the extant practice and procedures of SEBI.
The application states that in one case, SEBI has completed investigation/examination on the basis of material that could be gathered so far and an interim report has been prepared and approved by the competent authority as per the existing practice and procedures of SEBI. Has been done. The Applicant/SEBI had sought information from agencies/regulators in foreign jurisdictions etc. and on receipt of such information, the same would be assessed to determine the further course of action, if any, in the said matter.
SEBI said that out of the remaining six cases, the findings in four enquiries/examinations have been clarified and the resultant reports are in the process of approval by the competent authority. The application said SEBI expects the approval process in respect of these four cases to be completed expeditiously and in any case before the next date of hearing on August 29.
other news
[ad_2]
Source link
