
The Congress on Tuesday asked the central government to freeze the accounts of three foreign investor funds holding a major stake in Adani group companies and break its silence on National Securities Depository Ltd (NSDL) for coming out with the truth. Congress spokesperson Gaurav Vallabh demanded that the government also make public the beneficiaries of the Foreign Investor Fund, who have invested more than 95 percent of their funds in four Adani group companies, which have made huge profits in the last year.
This comes a day after shares of Adani group companies fell up to 25 percent amid reports of NSDL freezing the accounts of these three funds. The Adani Group, however, said the accounts were not frozen and that any reports to the contrary were "clearly false and misleading".
According to news reports, Vallabh said, NSDL, which is the central securities depository under the Finance Ministry, has frozen the accounts of three foreign investor funds of the Adani Group: Albula Investment Fund, Cresta Fund, and APMS Investment Fund. He said these three funds, which have the same registered address in Port Louis, Mauritius and do not have a website of their own, hold shares worth over Rs 43,500 crore in four Adani group companies.
He said that more than 95 percent of his net worth comes from his investments in Adani group companies. "NSDL and the finance ministry need to break their silence and come out with the truth," Vallabh told reporters. "The Congress party demands that SEBI and NSDL know the nature of these funds, the ultimate beneficial ownership of these funds, the findings of their investigation (if any), the securities held by these funds, and why their accounts were frozen. Let's make full disclosure about it."
The Congress spokesperson said that Adani Enterprises issued a statement saying that the Demat account in which the shares of the said fund are held has not been frozen. But why has NSDL, which is under the jurisdiction of the finance ministry, not come out with a public statement amidst all the confusion as to which accounts of these funds related to investments in Adani group companies are frozen and which are active?
Vallabh demanded that its investigation be handed over to the Enforcement Directorate. "We also demand that if any irregularities have come to light in the ongoing SEBI investigation regarding price manipulation of shares of Adani Group, the Government of India should transfer the same to the Enforcement Directorate for investigation of the entire matter," he said. and must come with the truth for all to understand."
A Chinese doctor was murdered after entering his clinic in Karachi, Pakistan on Wednesday evening
Hanuman ji's birth anniversary is being celebrated today i.e. Tuesday 23rd Ap
There are reports of increasing cases of new variants of Corona in many countries of the world. I
Mukesh Ambani may have slipped from eighth place to ninth on the list of top billionaires, but on
The opposition has started brainstorming regarding the presidential election. All the opposition
13 MPs do not want Liz Truss to be British PM, what can be ousted from power? rules are not easy
Britain's Prime Minister Liz Truss is hanging the sword of being removed from her post. 13 of his
Salman Khan: Rakhi Sawant wants Salman to marry this Pakistani actress, said- 'I have chosen Bhabhi'
Salman Khan is called the most eligible bachelor in Bollywood. The actor's fans are eagerly waiti
During the hearing of the accused of the attack on Saif Ali Khan in Bandra court, some strange sc
The Karnataka government will posthumously confer the Karnataka Ratna Award on late Kannada actor
Ramnath Kovind, an advocate of egalitarianism and integrity in society and rising from the ground