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."
Team India will have enough experience in handling the pressure in the great World Cup match betw
GSEB 12th Result: Gujarat Secondary and Higher Secondary Education Board (GSEB) has declared the
Covid-19: Vaccine will be made in India against another form of Corona, Bharat Biotech will work
The Indigenous vaccine will soon be available against another form of coronavirus. Recently, the
An emergency landing was made in Mumbai of an Indigo Airlines flight going from Delhi to Goa. The
The Supreme Court on Wednesday rejected the request for an immediate hearing on the demand to dir
The ongoing war between Israel and Hamas is going to last for about a month. The chances of this
Should the rallies be stopped after the leaders become ill? People say this
Assembly elections are to be held in five states in the country this year. All the political part
Sonu Sood On Fateh: Why did Sonu Sood make 'Fateh'? Said- he spent two and a half months in one shot
Sonu Sood's film 'Fateh' hit the theaters on January 10. This film is directed by Sonu Sood and h
The final match of the Asia Cup 2025 between India and Pakistan will be played in Dubai on Sunday
After the defeat of Team India in the Cricket World Cup 2023, every Indian's heart broke into a h
