A fresh plea has been filed in the Supreme Court seeking a direction to SEBI for speedy conclusion of its investigation in two pending cases related to allegations of stock price manipulation by the Adani group.
The petitioner has claimed that the fresh report of US short-seller Hindenburg Research against SEBI chairperson Madhabi Buch alleging that she and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal has created an “atmosphere of doubt” in the minds of the general public and investors.
Vishal Tiwari was one of the petitioners before the top court in 2023 and had sought a probe into the allegations of stock price manipulation by the Adani group.
On January 3, in a significant win for the group, the top court had refused to transfer the probe into allegations of stock price manipulation by it to a special investigation team or the Central Bureau of Investigation (CBI), saying the market regulator was carrying out a “comprehensive investigation” and its conduct “inspires confidence”.
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