Adani Hindenburg Research Case: There was a lot of stir on Monday (February 13) regarding the Hindenburg Research-Adani case. On the one hand, after the report of Hindenburg Research, there was a hearing in the Supreme Court on the matter of fall in the shares of Adani Group, on the other hand, Rahul Gandhi again attacked PM Modi regarding this issue. Hit the target Know 10 big things related to this matter.
1. The Central Government told the Supreme Court on Monday that it has no objection to the proposal to set up a committee of experts to strengthen the regulatory mechanism for the stock market. The court was hearing the matter of fall in the shares of Adani Group after the report of Hindenburg Research.
2. The Central Government, however, Chief Justice (CJI) D.Y. Told a bench headed by Chandrachud that in view of the wider interest, it wants to give the names of experts and its scope of work for the committee in a sealed cover. Let us tell you that, American short-seller Hindenburg Research released a report about Adani Group, claiming that this group has been involved in manipulation and fraud of shares. Although the Adani group has rejected this claim.
3. Solicitor General Tushar Mehta, appearing for the central government and SEBI, said that the market regulator and other statutory bodies are ready to deal with the situation arising out of the Hindenburg Research report. He said that the government has no objection in forming the committee, but we can suggest the names of experts. We can suggest the name in a sealed envelope.
4. Mehta expressed apprehension that any inadvertent message on the setting up of the panel could have an adverse effect on the flow of funds. The court has listed for hearing on Friday two public interest litigations (PILs) related to loss to investors and artificially falling shares of Adani Group. The court had said on February 10, in the backdrop of the fall in the stock markets of the Adani group, that there was a need to protect the interests of Indian investors. The court had asked the central government to set up an expert committee under the chairmanship of a former judge to consider strengthening the regulatory mechanism.
5. On Monday, Congress leader Rahul Gandhi once again attacked PM Modi regarding Adani’s case. Addressing a public meeting in Wayanad, Rahul Gandhi said that he (the Prime Minister) feels that he is very powerful, but he does not realize that Narendra Modi That would be the last thing I would be afraid of.
6. Recalling his recent statement in Parliament raising issues related to US research firm Hindenburg’s report on Adani group companies, Rahul said he was asked to provide proof of what he had said. I have given information and evidence in a letter to the Speaker (Lok Sabha Speaker) about each of my remarks that have been removed from the proceedings of the Parliament.
7. The Congress questioned the government’s stand in the Supreme Court on the Hindenburg Research report against the Adani group that if the government had no objection to the inquiry committee, then why did it refuse to set up a Joint Parliamentary Committee (JPC). Party general secretary Jairam Ramesh also asked in a sarcasm whether the proposed committee would investigate Hindenburg or Adani?
8. Jairam Ramesh tweeted that today the Solicitor General said in the Supreme Court that the government has no objection to forming a committee to investigate the Hindenburg report on Adani. Then why the categorical refusal to form a JPC, in which the BJP and its allies would have dominated? How did SEBI tolerate the huge increase in Adani Group’s stock after 2020 without investigation, whereas such a case needs serious investigation. Are you (Prime Minister) scared? Do you fear that having an independent inquiry will expose you to Adani’s wrongdoings?
9. Congress leader in the Lok Sabha, Adhir Ranjan Chowdhary objected to the notice of breach of privilege given to Rahul Gandhi by writing a letter to Lok Sabha Speaker Om Birla. Adhir Ranjan said that due to the irregularities of a company, the money of the investors got drowned. By raising these issues in the House as a public representative, Rahul Gandhi fulfilled his responsibility in public interest.
10. Adhir Ranjan complained that the BJP members make vile remarks against the family of former Prime Ministers Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi, Manmohan Singh and Rahul Gandhi, but no action is taken. The responsibility of the opposition is to expose the shortcomings of the government. If the voice of the opposition is not heard, it means we are not performing our constitutional duty.
read this also-
