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 International Monetary Fund (IMF) has stopped the installment of $ 1.2 billion to be given to
The court is to hear the case on Friday on the claim of a temple in Rajasthan's Ajmer Dargah. Vis
Monty Panesar told, why can't BCCI drop Virat Kohli from the T20 team?
Former Indian captain Virat Kohli was the highest run-scorer in the 2014 and 2016 T20 World Cups.
The schedule of IPL 2025 has been revealed. The 17th season of IPL is to start on 22 March 2025,
The torture of winter continues in the country. In many states of the country including North Ind
The Enforcement Directorate has developed a robust mechanism for issuing summons in serious cases
Pravasi Bharatiya Divas is being celebrated in the country today. Overseas Indians have brought l
Govt Jobs: Center's reply in Rajya Sabha- UPSC and SSC recruited 2.47 lakh candidates in five years
UPSC and SSC Jobs during Last Five Years: Union Minister Jitendra Singh told the Rajya Sabha that
There has been an uproar over the objectionable remarks made by DMK leader and Tamil Nadu ministe
Because of the weakening of the third wave of Corona, a decision has been taken to relax the rest
