Petitioner alleges SEBI concealed information to protect Adani Group in Supreme Court

  • Anamika Jaiswal accused SEBI of not revealing a DRI investigation against Adani Group for alleged overvaluation of import equipment.
  • Jaiswal’s affidavit also warned of a potential conflict of interest, as Cyril Shroff, whose daughter is married into the Adani family, was part of SEBI’s corporate governance committee.
  • The Supreme Court, acting on multiple petitions demanding a probe, set up a six-member panel to investigate alleged regulatory failure by SEBI and law breaches by Adani Group.
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