The Congress on Friday claimed that the show cause notices from the Securities and Exchange Board of India to seven of the 10 listed firms of the Adani Group illustrate the "hollowness of the false claim" by the conglomerate and the BJP that the Supreme Court expert committee issued a "clean chit" to the group.
Seven of the 10 listed companies of the Adani Group have received show cause notices from the Securities and Exchange Board of India (SEBI) for alleged violation of related-party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges.
While the flagship Adani Enterprises, renewable energy company Adani Green Energy and city gas distributor Adani Total Gas said SEBI sent notices to their parent or holding company controlled by the conglomerate's Chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission company Adani Energy Solutions, and commodities company Adani Wilmar said they have received SEBI notices.
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