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'Matter sub-judice,' Centre on any 'irregularities' in Adani group financial statements

Written by  Shgun S -- March 28th 2023 02:12 AM
'Matter sub-judice,' Centre on any 'irregularities' in Adani group financial statements

'Matter sub-judice,' Centre on any 'irregularities' in Adani group financial statements

New Delhi, March 28: Amidst Opposition's demand for a Joint Parliamentary Committee (JPC) probe into the Hindenburg-Adani row, Centre on Monday told Lok Sabha that the matter is pending before Supreme Court and is "sub judice".

In a written reply, Minister of State for Corporate Affairs Rao Inderjeet Singh stated that the Hindenburg report pertains to the Adani group's listed entities, which fall under the purview of SEBI.

"Further, the Hon'ble Supreme Court is seized of the matter in Writ Petition (C) No. 162 of 2023 and has passed order dated March 2, 2023, constituting an Expert Committee to look into the matter and has directed, inter-alia, to all the agencies of Union Government including agencies connected with financial regulation, fiscal agencies and law enforcement agencies to co-operate with the Committee. The Committee has been ordered to furnish its report before the Hon'ble Court within two months. Hence, the matter is sub-judice before the Hon'ble Supreme Court," the minister stated.

He was responding to a question from Congress MP Advocate Adoor Prakash, who had asked if it had conducted any review of the Adani Group of Companies' financial statements and other regulatory submissions following the Hindenburg report and if any irregularities were discovered.

The MP from Attingal in Kerala also sought to know what actions were done by the government if any irregularities were discovered.

In the aftermath of the Hindenburg-Adani controversy, Congress leader Rahul Gandhi has launched a scathing attack on the government, alleging that "rules were changed" in various industries to benefit the businessman.

The BJP denied the claims made by Congress both inside and outside the House.

Opposition parties have repeatedly forced adjournments in both Houses of Parliament over their demand for JPC to probe the Adani-Hindenburg issue.


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