
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."
PM Modi Mahakumbh: Today PM Modi will take a dip in the holy confluence, will visit the fair
Prime Minister Narendra Modi will visit the Maha Kumbh Mela in Prayagraj today. After taking a di
The distribution of free rations under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in th
Monkeypox: worldwide monkeypox cases have crossed 70,000, WHO warns for the most difficult times
There is a tremendous increase in the cases of monkeypox around the world. According to the World
Weather Update: Fog and cold wave in North India, chances of rain in these areas from February 3
After two days of sunshine, fog has again increased and the icy cold has increased in most areas
Between 2016 and 2021, Congress has suffered the most. Meanwhile, 170 MLAs from different states
India vs China Strategy: Incidents of minor skirmishes have been continuously coming to the fore
The audience's desire to see Salman Khan and Shah Rukh Khan together on screen was fulfilled by t
The state government has extended the time of the Covid curfew by two hours. Now the Covid curfew
On the first day of the Boxing Day match being played between India and Australia in Melbourne, a
Instagram is introducing a major update aimed at giving users greater control over the content th