SEBI accused of hiding 2014 Adani manipulation alert by DRI


Content Team
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SEBI is facing accusations of hiding a 2014 Directorate of Revenue Intelligence (DRI) alert. It allegedly had information about Adani Group's alleged money siphoning and investing it in Adani-listed companies via Dubai and Mauritius-based entities. The petitioner in the Hindenburg matter told the Supreme Court, that SEBI never investigated the DRI alert, amounting to perjury, and accused the regulatory body of suppressing facts and providing false information.