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."
If you also felt that the coronavirus is gone now, then the reports coming out these days must ha
Defense Ministry again held a press conference today amid nationwide protests over the Agneepath
Pakistan is currently a temporary member of the United Nations Security Council, but this does no
Israeli Prime Minister Benjamin Netanyahu has said that his country does not want to occupy, admi
In his first address to the 18th Lok Sabha after Om Birla was elected Speaker of the Lok Sabha, P
US President Joe Biden has declared a state of emergency in New York badly affected by the 'histo
Actress Archana Puran Singh has recently reacted to the memes going viral about Navjot Singh Sidh
In the electoral history of Himachal Pradesh, there has been a trend to change power in 5 years,
The family of Ziona Chana of Mizoram, head of the world's largest family (167 people), is not rea
Congress spokesperson Shama Mohamed made a controversial comment on India cricket team captain Ro
