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."
The Union Health Ministry will launch a mega drive for voluntary blood donation from September 17
China's threat: Third world war can break out anytime, Taiwan said - we are ready to fight
China has threatened a third world war amid the ongoing conflict with Taiwan. China has said that
India's first private rocket Vikram-S was launched today at 11:30 am from Satish Dhawan Space Cen
Boards have been put up at various places on Har Ki Pauri in Haridwar, clearly stating that entry
Tata Consultancy Services (TCS) has a fixed record date for the buyback of shares. This will be c
When Kangana Ranaut challenged the hijab, Shabana Azmi asked the question, Javed Akhtar also said
The issue of wearing hijab for college girls in Karnataka has sparked debate in politics as well
In Nagpur, Maharashtra, on Monday night, protesters misbehaved with policemen on CA Road in Chitn
India reiterated its concern against forces planning a so-called plebiscite in Canada on the dema
US Treasury Secretary Janet Yellen talks to reporters on the sidelines of the G-20 summit in Bali
After the rapid decrease in the cases of the corona, many changes are being seen in the country's
