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Factually baseless: SEBI on claims of investigations against Adani Group since 2016

The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that all claims that the market regulator has been investigating the Adani Group since 2016 are “factually baseless” and one must not jump to “premature and wrong conclusions” in the case.

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Adani Group

The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that all claims that the market regulator has been investigating the Adani Group since 2016 are “factually baseless” and one must not jump to “premature and wrong conclusions” in the case.

In an affidavit filed in the Apex court, SEBI said that no listed company of the Adani Group was among the list of 51 companies that it had investigated for issuing of Global Depository Receipts or GDRs.

According to the affidavit, filed in response to a plea claiming that SEBI had been investigating the Adani group since 2016 and had opposed a six-month extension to its ongoing probe, the market regulator clarified that the ‘investigation’ “referred to in paragraph 5 of the reply affidavit has no relation and/or connection to the issues referred to and/or arising out of the Hindenburg Report.”

It further said that matter pertains to the issuance of GDRs by 51 Indian listed companies which the SEBI was investigating, adding that no listed company of Adani Group was part of the aforesaid 51 companies.

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The SEBI said that after the completion of the investigation, appropriate enforcement actions were taken. Hence, the claims that the SEBI is investigating the Adani Group since 2016 are “factually baseless.”

The regulator said the six-month extension is to ensure that a thorough investigation is carried out keeping in mind the interest of investors and the securities market.

The Supreme Court had on March 2, directed the SEBI to investigate violations by the Adani Group, if any, before and after the release of the damning Hindenburg report.

The SEBI had been asked to file a report within two months, however, on April 29, the regulator filed for a six-month extension to complete the investigation.

Adani Group endured over $120 billion in market losses- nearly half of the conglomerate’s estimated value—since the damning report released by US short-seller Hindenburg Research.

In its critical report, Hindenburg Research accused the Adani Group of indulging in improper use of offshore tax havens and stock manipulation while also raising concerns about high debt and the valuations of seven listed Adani companies.

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RG Kar victim’s mother reacts to court’s verdict, says Sanjay Roy was not alone

She asserted that Roy was not acting alone.

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In response to the conviction of Sanjay Roy in the RG Kar Medical College rape-murder case, the mother of the deceased doctor expressed her ongoing concern on Saturday, highlighting their continued wait for the arrest and punishment of additional perpetrators. She asserted that Roy was not acting alone.

“The evidence clearly proves Sanjay’s guilt through biological findings. His silence during the trial further indicates his involvement in the torture and murder of my daughter. However, he is not the only one; there are others involved who have yet to be brought to justice. Therefore, true justice has not been achieved,” the victim’s mother stated to PTI following the court’s decision.

She emphasized that the legal proceedings are far from over, vowing to fight for justice alongside her husband until their last breaths. “The case remains incomplete. It will only reach completion when everyone involved in my daughter’s murder has been brought to justice. We will wait for that day… and we won’t find peace until then. That is our only desire now,” she said.

A Sealdah court found Sanjay Roy guilty on Saturday of raping and murdering the on-duty doctor at the state-run RG Kar Medical College and Hospital on August 9 of the previous year. The court is set to announce his sentence on January 20.

Roy was convicted under Sections 64 of the Bharatiya Nyaya Sanhita, which pertains to rape, and Sections 66 and 103 (1), which are concerned with punishments for murder and death. Section 103 (1) provides for a maximum penalty of death or life imprisonment.

Following the verdict, Sanjay Roy, a former civil volunteer, claimed in court that he was wrongfully implicated in the case. “I am innocent and have been falsely accused. The real perpetrators are being allowed to go free. One IPS officer is involved,” he asserted.

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India, US ink pact for cooperation in cybercrime investigations

By bolstering cooperation in cybercrime investigations, this agreement is expected to further strengthen security collaboration between India and the U.S., reinforcing their comprehensive global strategic partnership.

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India and the United States have formalized an agreement aimed at enhancing collaboration in cybercrime investigations, as announced by the Ministry of External Affairs (MEA). This pact was signed just days before the Biden administration transitioned to the Trump administration.

The Memorandum of Understanding (MoU) was executed in Washington, D.C. on January 17, 2025, by Indian Ambassador Vinay Kwatra and Acting U.S. Deputy Secretary of Homeland Security Kristie Canegallo, according to the MEA.

The agreement facilitates increased cooperation and training between the respective agencies of both nations concerning the use of cyber threat intelligence and digital forensics in criminal investigations.

In India, the implementation of the MoU falls under the purview of the Indian Cybercrime Coordination Centre (I4C) within the Ministry of Home Affairs.

In the United States, the Department of Homeland Security (DHS), alongside its agencies, including U.S. Immigration and Customs Enforcement (ICE) and the Cyber Crimes Center (C3) of Homeland Security Investigations, will oversee its execution.

The MoU recognizes the complex relationship between cybercrime and the common security challenges shared by India and the U.S., which include terrorism, violent extremism, terror financing, drug trafficking, organized crime, human trafficking, illegal migration, money laundering, and transportation security.

By bolstering cooperation in cybercrime investigations, this agreement is expected to further strengthen security collaboration between India and the U.S., reinforcing their comprehensive global strategic partnership.

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Delhi elections: Kejriwal’s car attacked during campaign, AAP blames BJP goons, releases video

“The goons of BJP candidate Pravesh Verma attacked Arvind Kejriwal with bricks and stones during his campaign, attempting to harm him and disrupt his efforts. BJP, Kejriwal ji will not be intimidated by your cowardly actions; the people of Delhi will respond appropriately,” stated the party.

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The Aam Aadmi Party (AAP) on Saturday claimed that its convenor and former Chief Minister, Arvind Kejriwal, was attacked while he was campaigning for the upcoming Delhi Assembly elections.

To substantiate this allegation, AAP released a video. The party accused the BJP and its candidate for the New Delhi Assembly constituency, Parvesh Verma, of orchestrating the attack out of fear of defeat in the elections.

“The goons of BJP candidate Pravesh Verma attacked Arvind Kejriwal with bricks and stones during his campaign, attempting to harm him and disrupt his efforts. BJP, Kejriwal ji will not be intimidated by your cowardly actions; the people of Delhi will respond appropriately,” stated the party.

Shortly after AAP’s accusations, Parvesh Verma shared a video alleging that Kejriwal’s convoy ran over two individuals during the campaign in New Delhi.

“While answering questions, Arvind Kejriwal hit two young men with his car. Both were taken to Lady Harding Hospital. In the face of impending defeat, he neglected the value of people’s lives. I am heading to the hospital,” the BJP leader said.

After arriving at the hospital, Parvesh Verma addressed reporters, stating, “They are injured and receiving treatment. All allegations made by Arvind Kejriwal are unfounded… The three individuals injured are residents of this assembly constituency, and they were struck by Arvind Kejriwal’s vehicle. He is simply afraid of losing…”

In a video released by the Aam Aadmi Party (AAP), several individuals can be seen waving black flags near Kejriwal’s convoy.

Parvesh Verma is competing against former Delhi Chief Minister Arvind Kejriwal and Sandeep Dikshit from Congress in the New Delhi assembly constituency. Both candidates have submitted their nominations and expressed confidence in their respective parties’ chances of winning.

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