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."
IPL 2025: BCCI's tension increases due to a problem regarding an IPL match; schedule may be changed
Only three days are left in IPL 2025. On March 22, the first match will be played between KKR and
Dr Randeep Guleria, Chairman of the Institute of Internal Medicine Respiratory and Sleep Medicine
Indian cricketer Rinku Singh has tied the knot. On Sunday, the star player got engaged to Samajwa
Now corona infected students will also be able to appear in the 10th and 12th board exams of Madh
In the case of the deadly attack on former President Donald Trump in Pennsylvania, US President J
Mumbai Indians became the first team to lose the first 8 matches of any IPL season with a crushin
7.20 percent of the citizens of the country have passports. By the middle of December, passports
Opinion of five countries: 'Nuclear war can never be won, never fought', Kremlin issued a statement
Five superpower countries are seen united to save the world from nuclear disaster. These five nuc
A very exciting match was played between Lucknow and Chennai on Thursday. Chennai gave a target o
The Election Commission of India made a big announcement on Thursday. The Election Commission has
