Govt has not set up any committee to probe Adani Group, says minister
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday.
A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said.
Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
To a question asking if the government had constituted any committee to investigate allegations made against the Adani group by Hindenburg Research, he said, "No".
In the January 24 report, US short seller Hindenburg Research alleged that the Adani group was "engaged in a brazen stock manipulation and accounting fraud", and used offshore shell companies to inflate stock prices.
The group has denied all Hindenburg allegations, calling them ...