
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."
Covid cases have started declining once again in the country. The Health Ministry said on Friday
Bharat Tex 2024: PM Modi inaugurates Bharat Tex 2024, more than 100 countries participate
Prime Minister Narendra Modi inaugurated Bharat TEX-2024 at Bharat Mandapam in Delhi. It is one o
The murder case of gangster-turned-politician Atiq Ahmed and his brother Ashraf in Prayagraj has
Australia all-rounder Mitchell Marsh was seen allegedly disrespecting the prestigious World Cup t
Delhi's Jama Masjid has withdrawn the ban on the single entry of women. According to sources, Del
Prime Minister Narendra Modi started the flight service from Hisar Airport by pressing the button
Saif Ali Khan was attacked by an intruder with a knife last night, following which the police are
The people troubled by the increasing cases of Corona in China and the Zero Covid policy got a pi
Big information has come to light regarding Ramlala's Pran Pratistha Mahotsav. General Secretary
Airtel 5G Plus launched in this hill town, and JIO has launched in so many cities so far
5G Service in India: Airtel has started its 5G service in a hill city in India. Now people in ano