Senior Advocate Harish Salve (Harish Salve) has demanded a thorough investigation into the report of American short seller Hindenburg Research (Hindenburg Research) bringing the authorization of Adani Group (Adani Group) to the visible market. Keeping aside the politics of the entire episode, Salve said that Hindenburg is not a charity or a helping hand and its aim is to make money out of the misfortune of the middle classes.
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“…right as far as manipulating this market”
Greenshaw Salve told NDTV on Friday, “It has a completely different dimension. Hindenburg NO (Good Samaritan) is not a charity or an aid organization that has exposed wrongdoings. They have published reports in a timely manner.” They do it to make it smaller.” Referring to the six-member committee charged by the Supreme Court to investigate the Adani Group-Hindenburg affair, he said, “It is my suggestion – I have said it publicly and I am repeating it – that the committee should know all those Whose stocks have made huge money at the cost of middle class shares by shorting their stocks. First of all report if there is any, it should be given to SEBI. Should go to Ministry of Corporate Affairs. They Will investigate and monitor such cases. But if you are going to use such reports to attack the authority, SEBI will not keep quiet.
“There should be an institutional mechanism…”
Senior advocate Harish Salve said, “India is new to this game. We are growing our capital markets. The middle class shares fear that if a company gets listed, and tomorrow if another Hindenburg The report comes and by the time it is proved wrong, it will be too late. Give them justice.”
“How the Market Played”
Welcoming the constitution of the committee, Salve said that the Adani-Hindenburg case involves some complex financial matters, of which only experts can sort out the subject. Salve said, “The JPC (Joint District Committee) consists of MPs who are very wise people. Here, what has happened has happened in one area – a very specific area. What happened here is that the structure of responsible Allegations are made on how the stock is issued, how the stock is overvalued, how the market is played.”
it will check
Six members of the committee included former Supreme Court judge Justice AM Sapre, former corruption official OP Bhat, accused Bombay High Court judge Judge JP Deodhar, former Infosys KV Kamath, Infosys co-founder Nandan Blukani and lawyer Somashekharan Sundaresan. Are. Salve said the well-known fact that the investigation was done in a time-bound manner is “important” as is the belief of the linkage.
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