New Delhi, April 30 (). The Adani group said in a statement issued on Saturday night that there is no finding of any alleged wrongdoing in the Sebi application filed before the Supreme Court.
A spokesperson for the Adani group said Sebi is probing the allegations made by a foreign short-seller on January 25, 2023, and also market activities before and after that date.
We understand that SEBI has approached the Supreme Court seeking more time to conclude its investigation, the Adani group said in a statement. We welcome the inquiry, which represents a fair opportunity for everyone to be heard and all issues addressed. We are fully compliant with all the laws. Rule and law and believe that truth will prevail.
“We are fully cooperating with SEBI and will continue to provide all our support and cooperation,” the statement said. It is pertinent to note that SEBI’s application filed before the Supreme Court does not conclude any alleged wrongdoing. SEBI’s application has only cited. The allegations made in the short-seller’s report, which are still under investigation.
“While we continue to focus on our business and growth, we would request the media to refrain from unnecessary speculation at this juncture and wait for the expert committee appointed by SEBI and the Supreme Court to complete its work and submit its findings,” the statement said. Wait for submission.
SGK
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