Denying the allegation that it has been investigating the Adani Group since 2016, SEBI on Monday reiterated its request with the Supreme Court for grant of six additional months to complete the probe into allegations of stock price manipulation as the transactions in question were “highly complex”.
“The allegation that the Securities and Exchange Board of India has been investigating Adani since 2016 is factually baseless. The reliance sought to be placed on the investigation pertaining to GDRs (Global Depository Receipts) is wholly misplaced,” SEBI said in a fresh affidavit filed in the top court.
