Congress alleges government cover-up in Adani scam SEBI action under scrutiny

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Congress alleges government cover-up in Adani scam SEBI action under scrutiny

NOOR MOHMMED

20/May/2025

Congress claims government is trying to cover up Indias biggest scam related to Adani Group despite SEBI penalties on offshore funds
SEBI actions seen as surface progress but probe into Adani has dragged on for over two years benefiting the conglomerate
Opposition demands faster and transparent investigation into Adani financial irregularities to restore market confidence

The Congress party has strongly accused the government of attempting to cover up what it calls Indias biggest scam related to the Adani Group. This statement comes amid media reports that the Securities and Exchange Board of India (SEBI) has issued warnings and imposed penalties on two offshore funds holding shares in the Adani conglomerate.

According to the Congress the SEBI’s recent actions may seem like progress on the surface but the overall investigation into the Adani Group has been dragging on for more than two years. During this prolonged period the conglomerate is alleged to have benefited from the delay which has raised questions about the transparency and effectiveness of the probe.

The Congress party has demanded that the government speed up the investigation and ensure it is conducted in a transparent manner. They stress that a swift and thorough probe is essential to restore confidence in the Indian stock market and uphold the rule of law against financial irregularities.

The Adani issue has become a major political and financial controversy in India with calls for accountability from various quarters. The opposition highlights that delayed regulatory action could undermine the credibility of market institutions and allow influential corporations to evade scrutiny.

The unfolding situation is being closely watched by investors regulators and the public as it may have significant implications for governance corporate responsibility and the integrity of India’s financial system.

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Congress alleges government cover-up in Adani scam SEBI action under scrutiny

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