The Supreme Court on Wednesday asked markets regulator SEBI to complete its probe into allegations against the Adani Group by US-based short-seller Hindenburg Research in the next three months. Further, the court said that there is no ground currently to transfer the case to the CBI.
The judgment further said that the government and the SEBI will look into infractions of the law, if any, by Hindenburg on short-selling and actions will be taken in accordance with the law. “SEBI has completed investigation in 20 out of 22 matters. Taking into account the assurance of the Solicitor General, we direct the SEBI to complete the investigation in the other two cases within 3 months,” the bench said.
