Daily Morning News

Mauritius FPIs Named in Hindenburg Report Challenge SEBI Norms as Jairam Ramesh Calls for Probe

Amid the ongoing Hindenburg-Adani controversy, several Foreign Portfolio Investors (FPIs) based in Mauritius named in the Hindenburg report have challenged the Securities and Exchange Board of India (SEBI) norms. Senior Congress leader Jairam Ramesh has reiterated his demand for a thorough investigation into the allegations raised by the report, highlighting concerns over financial irregularities and the adherence to SEBI guidelines.

The FPIs argue that SEBI’s regulations on disclosure and transparency are being unfairly applied, asserting that their investments were made in compliance with Indian laws. Ramesh has accused regulatory authorities of leniency towards powerful corporate entities, urging for accountability and strict enforcement of rules to maintain market integrity.

The political and financial implications of this dispute continue to unfold, with calls for greater scrutiny of investments and a commitment to uphold the regulatory framework to protect investor interests and maintain market credibility.