India's top court orders probe of Adani business group

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

India's top court on Thursday ordered an expert committee to investigate any regulatory failures related to the country's second-largest conglomerate, the Adani Group.

The investigation was prompted by allegations made by U.S. short-seller Hindenburg Research in a report that accused Adani companies of engaging in market manipulation and other fraudulent practices.

The Adani Group has denied any wrongdoing, defending itself against the allegations in a 413 page rebuttal. In a tweet Thursday, it welcomed the court order.The expert committee will submit its findings to the Supreme Court within two months, said Chief Justice D.Y. Chandrachud and justices P.S. Narasimha and J.B. Pardiwala.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ya think there is something amiss? 😂😂😂

Many other businesses needs investigation for doing the same or worse. Unfortunately Gautam Adani became the victim because of his planetary horoscope system

Where did this guy park his elephant ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines