The Supreme Court on Wednesday refused to interfere with the Securities and Exchange Board of India (SEBI) probe into the Adani-Hindenburg case. In its verdict, the Supreme Court held that there was ‘no ground to transfer the investigation from SEBI to SIT (Special Investigation Team)’, saying the George Soros-led Organised Crime and Corruption Reporting Project (OCCRP)’s report can’t be the basis for doubting the SEBI report.
The Supreme Court was hearing a batch of petitions in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant.