The capital markets regulator SEBI today told the Supreme Court that its 2019 rule changes do not make it tougher to identify beneficiaries of offshore funds, and action will be taken if any violation is found.
The Supreme Court-appointed panel of experts investigating the Hindenburg allegations has said that there has been no violations by the Adani Group. In its report submitted to the SC, the panel stated that, at this point, there appears to have been no price manipulation on the part of the Adani Group.
Senior lawyer Mukul Rohatgi has said the report of the Supreme Court-appointed committee to look into India's regulatory mechanism to protect investors has not found any wrongdoing on the part of the Adani Group.
SEBI in its application filed on Saturday stated that it needs six months to "arrive at conclusive finding" in case of those where "prima facie violations have been found" and "to revalidate the analysis and arrive at conclusive finding" where "prima facie violations have not been found."