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 fire broke out in Sector 18 of Mahakumbh Nagar in Prayagraj. As soon as the information was rec
The Indian cricket management has taken many tough decisions regarding the Test series against Sr
China-Pakistan bent on destroying the world, an even more deadly virus than corona, together
The friendship between Pakistan and China is not hidden from countries around the world. China ha
First: Every year 83 thousand people die due to severe heat in India.
Seco
Prime Minister Narendra Modi said that today technology has become an important part of life, lik
Jiah Khan Suicide Case: Ten years ago on June 3, 2013, the news of the death of actress Jiah Khan
Recently, season 4 of India's best web series Panchayat was released. Which got a positive respon
India In UN: 'India fought terrorism with zero tolerance, the fight will continue'- Ruchira Kamboj
India's Permanent Representative to the United Nations (UN) Ruchira Kamboj said on Wednesday that
In Mangaluru, a police officer caught the thief in a filmy style. They ran after him to catch the
Pakistan connection in Baba Siddique murder case? Weapons came from across the border!
During the investigation into the murder of NCP leader Baba Siddique, the police have found a big
