Adani row: Financial markets regulated, govt monitoring situation, says BJP

Amid the raging controversy over Adani Group’s stocks, the BJP on Saturday said financial markets are highly regulated and the Centre is closely monitoring the situation.

Stocks of the Adani Group have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.

The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

“I do not want to name any particular group but Finance Minister Nirmala Sitharaman has already spoken on this subject.