Tag: Stock Manipulation

  • Congress reiterates want for JPC to probe allegations towards Adani workforce

    Through PTI

    NEW DELHI: The Congress on Monday alleged that the Very best Court docket-appointed skilled committee and the SEBI have “hit partitions” whilst investigating the Adani workforce’s transactions and wired the will for a joint parliamentary committee probe to resolve the reality within the topic.

    The Congress’ statement comes after a document via the Very best Court docket-appointed skilled committee stated it has discovered no proof of inventory worth manipulation in Adani workforce corporations, whilst a separate SEBI probe into alleged violation in cash flows from offshore entities has “drawn a clean.”

    Taking to Twitter, Congress normal secretary Jairam Ramesh tagged a media document which claimed that the Registrar of Firms (Gujarat), in a ruling previous this month, has held that Adani Energy and its officers had violated provisions of the Firms Act, 2013, via no longer reporting related-party contracts and transactions within the sign in of contract.

    “Because the Modani brigade desperately tries to spin the Very best Court docket Knowledgeable Committee’s document as a ‘blank chit’ (it’s not), extra proof emerges that Adani has engaged in more than one related-party transactions aimed toward duping minority shareholders and unfairly enriching the promoters,” Ramesh stated.

    “The Registrar of Firms in Gujarat just lately dominated that Adani Energy had violated the Firms Act, 2013, via hiding related-party contracts and transactions. It imposed consequences on Gautam Adani, Rajesh Adani and Vineet Jain,” he stated.

    In the meantime, the Very best Court docket Committee or even SEBI have “hit partitions” when investigating the Adani workforce’s transactions, Ramesh claimed.

    “For this reason we want a JPC to resolve the Modani MegaScam,” he stated.

    The Congress has been difficult a Joint Parliamentary Committee (JPC) probe into the allegations towards the Adani Staff. The Adani Staff has pushed aside the allegations as baseless.

    NEW DELHI: The Congress on Monday alleged that the Very best Court docket-appointed skilled committee and the SEBI have “hit partitions” whilst investigating the Adani workforce’s transactions and wired the will for a joint parliamentary committee probe to resolve the reality within the topic.

    The Congress’ statement comes after a document via the Very best Court docket-appointed skilled committee stated it has discovered no proof of inventory worth manipulation in Adani workforce corporations, whilst a separate SEBI probe into alleged violation in cash flows from offshore entities has “drawn a clean.”

    Taking to Twitter, Congress normal secretary Jairam Ramesh tagged a media document which claimed that the Registrar of Firms (Gujarat), in a ruling previous this month, has held that Adani Energy and its officers had violated provisions of the Firms Act, 2013, via no longer reporting related-party contracts and transactions within the sign in of contract.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    “Because the Modani brigade desperately tries to spin the Very best Court docket Knowledgeable Committee’s document as a ‘blank chit’ (it’s not), extra proof emerges that Adani has engaged in more than one related-party transactions aimed toward duping minority shareholders and unfairly enriching the promoters,” Ramesh stated.

    “The Registrar of Firms in Gujarat just lately dominated that Adani Energy had violated the Firms Act, 2013, via hiding related-party contracts and transactions. It imposed consequences on Gautam Adani, Rajesh Adani and Vineet Jain,” he stated.

    In the meantime, the Very best Court docket Committee or even SEBI have “hit partitions” when investigating the Adani workforce’s transactions, Ramesh claimed.

    “For this reason we want a JPC to resolve the Modani MegaScam,” he stated.

    The Congress has been difficult a Joint Parliamentary Committee (JPC) probe into the allegations towards the Adani Staff. The Adani Staff has pushed aside the allegations as baseless.