Adani Share: Once again in the spotlight Adani Group, now said this about the irregularities in the application of SEBI

National Desk:
The Adani Group, led by billionaire industrialist Gautam Adani, has said that no finding of any irregularities has been made in SEBI's application to the Supreme Court.  Capital market regulator Securities and Exchange Board of India (Sebi) has asked the court for another six months to complete the probe into the allegations against Adani.  In its report, US shortseller Hindenburg accused Adani Group of manipulative share price inflation and lapses in regulatory disclosure .  The group has described all the allegations as baseless.
In an application filed in the court, SEBI said, “It will take another six months to complete the action to detect possible violations relating to financial misrepresentation, fraud of regulations and/or fraud of transactions.”
Sebi, in its application filed on Saturday, said it has asked it to “re-verify the analysis and final conclusion” in cases where “prima facie violations have been found” and where “prima facie violations” have not been found  to reach'' for another six months.  Sebi in its application said that the investigation of 12 suspicious transactions shows that they are 'complex and contains many sub-transactions and detailed analysis including verification for a strict investigation of these transactions as well as data from various sources  will need to be mixed.”