SC forms a five-member expert committee to look into the Hindenburg report on Adani Group

Daily Current Affairs / SC forms a five-member expert committee to look into the Hindenburg report on Adani Group

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Category : National Published on: March 04 2023

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The Supreme Court has ordered forming a Five member expert panel headed by retired SC judge Justice AM Sapre.
Other members of the committee are OP Bhatt, KV Kamath, Nandan Nilekani, JP Devadhar & Somasekhar Sundaresan.
The Apex court has also asked the market regulator SEBI to support the committee with its findings. The SC order details the probe details for SEBI.
The regulator has been asked to submit its findings in two months to the SC-appointed expert panel.
Significantly, after several allegations were made against the Adani group by 'Hindenburg Research', the prices of the group's shares have declined significantly. In his report, Hindenburg accused the Adani group of market manipulation and account fraud.