Congress prods SEBI to act against Adani firms, demands probe by JPC
The Congress on Saturday questioned SEBI’s move of not acting on money laundering allegations against “Adani-linked entities” and called for the formation of a joint parliamentary committee to discuss the issue during the special session of Parliament.
Congress general secretary Jairam Ramesh wondered whether SEBI will act now that the Mauritius financial regulator has revoked the licences of two such entities.
He also raised his doubts about the credibility of the Securities and Exchange Board of India, asking why the body has failed to inspire confidence as a fair regulator of capital markets in the country.
