CPI(M) demands high-level probe against Adani over short selling report
“The CPI(M) today demands that the Centre constitute a high-level enquiry team, involving all concerned ministries. The probe should be monitored by the Supreme Court on a day-to-day basis till the enquiry is completed. The interest of the country has to be protected,” Yechury told reporters here.
The US-based firm Hindenburg Research, earlier this week, released a report and alleged that the Adani Group had “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades”.
The disclosure sparked a USD 51-billion sell-off in shares of the group companies over two trading sessions.
The Adani group has, however, rubbished the charges and termed the report as a “malicious combination of selective misinformation and stale, baseless and discredited allegations”.
