Hindenburg report on Adani: Some probe is better than no probe

The Supreme Court has done well to set up a committee to investigate the issues related to the Hindenburg Research report on the Adani Group and the impact it has had on the Adani stocks and the entire stock market. It is not always that the Supreme Court steps in to probe stock market actions but the case of the Adani Group is different given their rapidly-acquired size, the impact on the interests of shareholders, and the perceived proximity of the Adani family to the political establishment. The many questions that have arisen in the wake of the report alleging stock manipulation and fraud through offshore entities need clear answers from Adani, the regulatory system, probe agencies, and the government.