Should Those Spreading False Narratives Apologize to the Nation? Gautam Adani on SEBI Orders
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Synopsis
Gautam Adani emphasizes the need for accountability, urging those who spread false information to apologize to the nation. With SEBI's recent orders backing his claims, he calls for transparency and integrity in the financial sector.
Key Takeaways
- SEBI confirmed the baselessness of Hindenburg claims against Adani Group.
- Investors affected by false narratives deserve justice.
- Commitment to transparency and integrity is vital in business.
- Gautam Adani calls for accountability from those spreading misinformation.
- SEBI's investigation found no violations regarding related party transactions.
Ahmedabad, Sep 18 (NationPress) Gautam Adani, the Chairman of the Adani Group, stated on Thursday that the recent SEBI orders have confirmed our long-held position that the allegations made by Hindenburg against the Group are entirely unfounded.
In two separate rulings issued on Thursday, the capital market regulator concluded the proceedings involving Adani Group companies and their senior officials regarding the claims made by Hindenburg Research.
“Following a thorough investigation, SEBI has validated what we have always said, that the Hindenburg claims were unfounded. Transparency and integrity have always characterized the Adani Group,” Gautam Adani expressed in a message on the social media platform X.
“We genuinely empathize with the investors who suffered losses due to this deceptive and biased report. Those who propagate false narratives owe the nation an apology,” the billionaire remarked.
Gautam Adani added: “Our dedication to India’s institutions, its people, and nation-building remains steadfast. Satyamev Jayate! JAI HIND!”
The capital market regulator stated that an in-depth investigation revealed no breaches concerning related party transactions (RPTs) by the listed companies and the individuals involved, leading to the proceedings being closed without any directive.
“Therefore, upon comprehensive consideration, I conclude that the allegations made against the Noticees in the Show Cause Notice (SCN) are unproven. Hence, the issue of any liability on Noticees does not arise, and consequently, the determination of any penalty does not necessitate further consideration. I hereby close the current proceedings against the Noticees without any directive,” expressed Kamlesh C. Varshney, a whole-time member at SEBI, in the two documents.
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Point of View
It is essential to reflect on Gautam Adani's statements regarding accountability in financial markets. The recent SEBI orders have raised significant questions about the integrity of information and the importance of protecting investor interests. It is crucial for all stakeholders to promote transparency and responsible reporting.
NationPress
20/09/2025
Frequently Asked Questions
What did Gautam Adani say about SEBI's orders?
Gautam Adani stated that the SEBI orders confirmed that the Hindenburg claims against the Adani Group were baseless.
What was the outcome of SEBI's investigation?
SEBI found no violations concerning related party transactions by the Adani Group or its senior officials.
What did Adani say regarding investors?
He expressed empathy for investors who suffered losses due to the Hindenburg report and called for an apology from those spreading false narratives.
What does Adani's statement reflect about the Adani Group?
It reflects the group's commitment to transparency and integrity in its operations.
What are the implications of SEBI's orders?
The orders suggest that the allegations against the Adani Group were unfounded, reaffirming the group's standing in the market.
