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Why Some Supreme Court Investigators In The Adani-Hindenburg Case Are Accused Of Conflict Of Interest (article-14.com)

submitted 2 years ago by xuxebiko@kbin.social to c/india@kbin.social

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A September 2023 affidavit in the Supreme Court has alleged that two out of the six members of the Supreme Court-appointed expert committee investigating possible regulatory lapses in dealing with allegations against the Adani group have a “conflict of interest” and one is named in an alleged fraud. Among these are a member’s company’s tie-up with the Adani group in 2022, another’s alleged involvement in a bank fraud, and a third’s past association with the conglomerate.

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[–] xuxebiko@kbin.social 1 points 2 years ago

The expert committee’s final report, submitted to the court on 6 May, prima-facie found “no regulatory failure” on SEBI’s part.
However, the committee provided a “large body of evidence of regulatory failure” in its report and yet, drew ambivalent conclusions.

Schrodinger's SEBI report, provides evidence of regulatory failure while claiming no regulatory failure.

They think we're all idiots.