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."
Where will Priyanka Gandhi sit in Lok Sabha, will her seat be next to Rahul, know here
Priyanka Gandhi, the newly elected Congress MP from Wayanad Lok Sabha constituency in Kerala, wil
Team India has taken an unassailable 3-1 lead in the five-match Test series between India and Eng
Patna: The Bihar Prohibition and Excise (Amendment) Bill, 2022 was passed in the Bihar Legislativ
The divine, grand, and cultural gathering Maha Kumbh, being organized on the land of the holy lan
Burns' remarks on India going to be US Ambassador to China
President Joe Biden's nominee for US ambassador to China, Nicole Burns, has said that if India an
While the BJP had its agenda during the nearly two-month-long election campaign in Haryana, Congr
Pakistan has agreed to send a team to the ODI World Cup to be held in India from October 5. Pakis
The Punjab Police has claimed the involvement of two sharpshooters from Pune in the Punjabi singe
UP, Punjab, Haryana, Jammu Kashmir, Gujarat, Delhi are some of the states where dengue has raised
Wanindu Hasaranga SL vs AFG: In the second T20 International match played between Sri Lanka and A
