The Securities and Exchange Board of India (Sebi) has sought ownership information from these funds as it checks for breaches of securities market rules. On Saturday, the regulator requested six more months from the Supreme Court to complete its investigation into the Adani-Hindenburg matter.
According to one of the two people cited above, one fund claimed it has beneficiaries in Switzerland, where it is a criminal offence to collect or submit any evidence from the country to aid a foreign investigation. Another fund pointed to its client contracts prohibiting the fund manager from disclosing information to any foreign regulator. Others said home country regulators and investors could sue them under Europe’s General Data Protection Regulation (GDPR) which restricts data sharing.
Emails sent to spokespeople for Sebi and Adani group remained unanswered till press time.
Diese Geschichte stammt aus der May 03, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 03, 2023-Ausgabe von Mint Mumbai.
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