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Hindenburg Row: TMC MP Mahua Moitra alleges Adani’s involvement in SEBI committee

Where till some time ago Adani was at number 3 in the list of the world’s richest, now he is not even in the top 20.

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TMC MP Mahua Moitra and Gautam Adani

After America’s Hindenburg Research Agency accused well-known industrialist Gautam Adani of stock manipulation and accounting irregularities, politics has also intensified on this matter. And now Trinamool Congress (TMC) leader Mahua Moitra has made serious allegations against the Adani family.

She said that there is a nexus between the Adani family and SEBI officials, so everything was done arbitrarily. She further added that Adani’s relatives also work in SEBI’s committee, due to which such rigging was carried out.

Adani’s associates also included in SEBI committee, says Mahua

Mahua Moitra said that famous lawyer Cyril Shroff, a friend of Adani, works in SEBI’s committee. She further added that Cyril Shroff’s daughter is married to industrialist Gautam Adani’s son. TMC MP Mahua tweeted that biggest respect for veteran lawyer Cyril Shroff but his daughter is married to Gautam Adani’s son. Shroff serves on SEBI’s Committee on Corporate Governance and Insider Trading. If SEBI India is probing the Adani case, Shroff should recuse himself from it and sometimes perceptions are reality.

Read Also: Adani-Hindenburg row: PIL in Supreme Court seeks action against US short-seller for defrauding investors

Also after Dow Jones Sustainability Indices announced delisting of Adani Enterprises shares with effect from 7 February 2023, the TMC MP questioned that why the NSE is not re-evaluating the index membership of Adani shares?

She wrote on Twitter that S&P Dow Jones removed Adani Enterprises from the Dow Jones Indices due to allegations of stock manipulation and accounting fraud. Why is NSE India not re-evaluating the index membership of Adani stocks while international ones are?

Hindenburg Row

For the unversed, on January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions. It claimed that the group has been involved in stock manipulation and account fraud for decades. It further stated that Adani Group founder Gautam Adani’s wealth has increased by $1 billion to $120 billion in three years due to rising share prices. During this period, the shares of 7 companies of the group have increased by an average of 819 percent.

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2024 Lok Sabha Elections

Prime Minister Narendra Modi urges citizens to vote in record numbers as voting for first phase of Lok Sabha elections begins on 102 seats across India

Union Home Minister Amit Shah also urged citizens to vote in large numbers and added that it is not only meant to determine the fate of a Lok Sabha or a candidate but also for shaping a bright future for the country.

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Voting for the first phase of Lok Sabha elections is taking place on 102 seats spread all over India. Prime Minister Narendra Modi took to X and urged citizens to vote in record numbers. He said he particularly called upon the young and first time voters to vote in large numbers. He added that every vote counts and every voice matters.

Congress leader P Chidambaram and RSS supremo Mohan Bhagwat cast their votes in Chennai and Nagpur, respectively. Chidambaram was confident that INDIA bloc will sweep all 39 seats in Tamil Nadu. Union Home Minister Amit Shah also urged citizens to vote in large numbers and added that it is not only meant to determine the fate of a Lok Sabha or a candidate but also for shaping a bright future for the country.

He appealed to all the voters who are voting in this phase to vote in large numbers because every vote of theirs has the power to create a secure, developed, and self-reliant India. He appealed to the people to choose a strong and decisive leadership that has shown the determination to free the country from corruption, nepotism, and appeasement while fulfilling its promises.

In the first phase, elections are being held on all seats in Uttarakhand (5), Tamil Nadu (39), Meghalaya (2), Arunachal Pradesh (2), Mizoram (1), Puducherry (1), Nagaland (1), Andaman and Nicobar Islands (1)   and Lakshadweep (1), Sikkim (1).  Besides, there is voting in 8 seats in Uttar Pradesh, and Maharashtra, 6 seats in Madhya Pradesh, 12 seats in Rajasthan 4 in Bihar, , 2 in Manipur, 3 in West Bengal, and 1 seat each in Jammu and Kashmir, Tripura, and Chhattisgarh. Assembly elections are also taking place on 60 seats in Arunachal Pradesh and 32 seats in Sikkim.

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Enforcement Directorate says Arvind Kejriwal is deliberately eating mangoes, sweets, taking sugar with tea to increase his blood sugar level and create ground for bail

The Enforcement Directorate (ED) made the claim before special judge for ED and CBI cases, Kaveri Baweja, who gave directions to the Tihar jail authorities to file a report in the matter which should also include Kejriwal’s diet chart.

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The Enforcement Directorate told the court on Thursday that Delhi Chief Minister Arvind Kejriwal, arrested in liquor policy case, is taking high sugar intake like mangoes and sweets every day deliberately in spite of suffering from type 2 diabetes so that he can create grounds for medical bail. The Enforcement Directorate (ED) made the claim before special judge for ED and CBI cases, Kaveri Baweja, who gave directions to the Tihar jail authorities to file a report in the matter which should also include Kejriwal’s diet chart.

Kejriwal had moved court and also sought permission to consult his regular doctor via video conference because his sugar levels were fluctuating. The judge directed the authorities concerned to file the report by tomorrow, when the court will take up the matter again.

 Advocate Vivek Jain, counsel for Delhi CM Arvind Kejriwal responded to the ED’s argument and said this is an issue made by Enforcement Directorate so that home-cooked food should also be stopped. He said this would have a major impact on his health. Advocate Jain added that whatever Kejriwal is eating is as per his doctors prescribed dietary chart. He said the matter is sub judice and they do not have anything to say.

Advocate Vivek Jain objected to the Enforcement Directorate’s submission and said that the agency is making these allegations only for the media. He said that some toffee and other things are given to diabetic patients so that they can maintain their sugar levels. Jain added that Kejriwal is withdrawing his application and will file a better one later.

AAP minister Atishi Marlena said that Arvind Kejriwal had fallen ill and lost about 4.5 kg since his arrest on March 21. She addressed a press conference where the AAP leader said, Arvind Kejriwal is a severe diabetes patient but he never lets his health issue come as the way of his in the service to the nation.

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Enforcement Directorate seizes Shilpa Shetty’s husband Raj Kundra’s properties worth Rs 97 crore

The Enforcement Directorate said in a statement that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the provisions of Prevention of Money Laundering Act (PMLA), 2002.

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The Enforcement Directorate on Thursday seized businessman Raj Kundra’s properties worth Rs 97.79 crore. The siezed properties include a residential flat in Mumbai’s Juhu, which is named after his wife and Bollywood actor Shilpa Shetty.  The Enforcement Directorate said the seized properties include another property which is a residential bungalow in Pune and Equity shares in the name of Raj Kundra.

The Enforcement Directorate said in a statement that the Mumbai zonal office of ED has provisionally attached immovable and movable properties of Kundra under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The Enforcement Directorate began the investigation on the basis of a number of FIRs which were registered by Delhi Police and Maharashtra Police. It is being said that Kundra collected large sums of money in the form of bitcoins which were worth Rs 6,600 crore in 2017 from the public with the false promises of 10 % monthly return in the form of bitcoins.

The ED said that it was planned that the collected bitcoins will be used for bitcoin mining and investors will get to get a large return in Crypto assets. But the promoters cheated the investors as they concealed the ill-gotten bitcoins in obscure online wallets. The Enforcement Directorate revealed in its investigation that Raj Kundra received 285 bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi Scam Amit Bhardwaj for setting up bitcoin mining farm in Ukraine.

The Enforcement Directorate in its statement said that the bitcoins were sourced out of proceeds of crime collected by Amit Bhardwaj from gullible investors. Since the deal did not go through, so Kundra is still in possession and enjoyment of 285 bitcoins which are valued at more than Rs 150 crore. Earlier a number of search operations were conducted in connection with this case, leading to the arrest of three people — Simpy Bhardwaj on December 17, 2023, Nitin Gaur on December 29, 2023, and Nikhil Mahajan on January 16, 2023.

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