Adani-Hindenburg case: SC to pronounce verdict over pleas seeking probe on January 3 | Oneindia News
Video Credit: Oneindia - Duration: 02:36s - Published
Adani-Hindenburg case: SC to pronounce verdict over pleas seeking probe on January 3 | Oneindia News
The Supreme Court is set to deliver its verdict on a series of petitions requesting a court-monitored investigation into the accusations made by US-based short-selling firm Hindenburg Research against the Adani Group on Wednesday.
The court had reserved its judgement in November of the previous year.
The case revolves around the allegations brought forth by Hindenburg Research concerning the financial practices and trading activities of the Adani Group, leading to the involvement of the Securities and Exchange Board of India (SEBI)
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As the counting trend suggested major gains for the Opposition's INDIA alliance in the Lok Sabha election, Rahul Gandhi slammed the Narendra Modi-led government and said that the Opposition fought this election not just against the BJP but all the institutions it had "captured." "We fought this election against the Bharatiya Janata Party, Indian governance structure, probe agencies, judiciary and other public institutions, since these all had been captured by the Modi government," Gandhi said. "The public directly related Modi and Adani. If Modi loses, the stock market says Modi is gone so Adani is gone. There is a direct relationship of corruption between them," he alleged. Indian stocks suffered their worst intraday fall since March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls.
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Witness the aftermath of the Lok Sabha Election Results 2024 as Adani Group shares plummet by billions, sparking a bloodbath in the share market. Join Oneindia for in-depth analysis and real-time updates on the economic repercussions of this seismic political event.
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