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Supreme Court Warns Prashant Bhushan Against Making Random Allegations in Hindenburg Case

The Adani Group has referred to them as u201crecycled allegationsu201d and another coordinated attempt to bring the u201cmeritless Adani Hindenburg reportu201c back to life by Soros-funded interests backed by some foreign media.

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Supreme Court Warns Prashant Bhushan Against Making Random Allegations in Hindenburg Case

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  1. Supreme Court Warns Prashant Bhushan Against Making Random Allegations in Hindenburg Case

  2. The Supreme Court said today that the claims made by US short-seller Hindenburg and the Adani Hindenburg report from the Organised Crime and Corruption Reporting Project (OCCRP) about the Adani Group cannot be taken at face value. This raised serious concerns about requests for an investigation based on the reports. The Supreme Court posed some challenging questions to attorney Prashant Bhushan, who had petitioned for an investigation into the claims and legal action against SEBI for missing a deadline for a report on the Hindenburg case.

  3. Hindenburg Report Adani rejected by SEBI as untrustworthy Funded by billionaire George Soros, the OCCRP had accused two foreign investors of insider trading in the Adani Group. The Adani Group has referred to them as “recycled allegations” and another coordinated attempt to bring the “meritless Adani Hindenburg report“ back to life by Soros-funded interests backed by some foreign media. Additionally, the report was rejected by SEBI, the capital markets regulator, as untrustworthy due to its origins as a “foreign non-profit (NGO)”.

  4. No anomalies discovered in the Adani Hindenburg report The government attorney drew attention to the fact that the DRI concluded the investigation in 2017 and discovered no anomalies. Mr. Mehta stated, “This is the problem when they rely on random information in public,” and mentioned that the DRI order had been upheld by the Supreme Court. ‘Mr Bhushan, exercise caution. It is simple to level accusations. Although we are not awarding them with a character certificate, kindly remember to treat them fairly. You are depending on a DRI communication to SEBI that the DRI has already looked into and closed. The CESTAT held hearings on the matter’, The Chief Justice said.

  5. Rumours to sway national policy “The laws governing evidentiary value bind SEBI. SEBI is responsible to the authorities that hear appeals. The Supreme Court firmly declared, “SEBI cannot claim that we relied on newspaper stories.” “How can we trust the stories in the newspapers? How can we declare these to be reliable? “According to the Solicitor General, rumors were spread outside of India in an attempt to sway national policy. “You mentioned that the evidence is overwhelming. The court questioned Mr. Bhushan, who referenced the Hindenburg report, “What are those?”

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