
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."
This time there were no Hindi feature films in the Oscar race, but India has been represented the
Mahakumbh 2025: Devotees praised the efforts of CM Yogi, bathers from West Bengal said a big thing
Devotees who came from all over the country to take a bath on the occasion of Magh Purnima at Tri
On September 5, South cinema veteran Thalapathy Vijay's film GOAT was released in theaters. Since
Virat Kohli And Anushka Sharma Love Story: Bollywood actress Anushka Sharma and Virat Kohli are s
Wholesale price inflation eased to 8.39 percent in October from 10.7 percent in September. This h
The moisture-laden winds blowing from the Arabian Sea are going to bring relief to the scorching
Palash Muchhal is currently in the news for his personal life. Recently, he was set to marry cric
G-20 Summit: India trying to agree on statement by including Russia's views on Ukraine
India has proposed that the views of Russia and China be included in the G-20 statement condemnin
Actor Gaurav Gera, who is mostly seen in comedic roles, was unrecognizable to many viewers when h
Australian captain Pat Cummins said that he was lucky to be in front to watch Glenn Maxwell's mir