00:00 After the report of Hindenburg, there are one after another problems on Gautam Adani.
00:05 But now it seems that these problems can be solved.
00:10 Currently, this case is going on in the court, whose hearing was to be held in the Supreme Court today.
00:14 What is the update in this matter, let's tell you in this video.
00:18 Actually, the hearing that was going to be held in the Supreme Court on the Hindenburg Adani Group case has been postponed.
00:23 After the status report of the share market regulator SEBI against the Adani Group was entered,
00:30 the hearing was to be held in the court on Tuesday, August 29, 2023.
00:34 But the Supreme Court's Chief Justice D.Y. Chandrachud's Executive Committee is hearing the case of the termination of Section 370 in Jammu Kashmir.
00:46 Due to which the hearing on the Adani case has been postponed for today.
00:50 Last week, SEBI entered the status report of the Adani Hindenburg case in the Supreme Court.
00:56 In the report, SEBI said that it has investigated 24 cases, 22 of which have been completed.
01:02 But currently, two cases are being investigated at the interim stage.
01:06 In both these cases, SEBI is waiting for the report of foreign agencies.
01:10 Five countries have not yet received information about the real owners of foreign companies investing in Adani Group.
01:20 SEBI has said that the investigation report will be carried out after the report is released.
01:25 On Monday, August 28, it was also reported that the SEBI investigation revealed violations of the rules in the case of disclosure of Adani Group's listed companies and the holding of offshore funds.
01:39 But this violation is a technical matter, that is, this violation is not under any serious crime.
01:46 SEBI's investigation revealed that the holding of disclosure and offshore funds against Adani Group is a violation of the border.
01:53 It was said that the Adani Group has violated the party transaction.
01:58 SEBI said that the company should be identified as a transaction with the related party and information should be given.
02:05 Since this violation is technical, after the investigation is completed, there will be no action beyond financial punishment.
02:13 That is, they will not be punished, only financial punishment.
02:18 You know that SEBI is also investigating the Supreme Court's instructions, although no major case has come forward yet.
02:26 Now if we talk about the Hindenburg report, then the Hindenburg Research Report issued a report accusing Adani Group of fraud in its listed stocks in January 2023.
02:36 After which, the share market saw a drop of about 80% in the stocks of all the companies of the listed group.
02:43 The group's market capitalization was worth $100 billion.
02:47 On the basis of the Hindenburg report, the Supreme Court issued a written statement, after which the court ordered the SEBI to investigate.
02:57 What updates will come in this, we will keep telling you through Goodreturns.
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