- India's market regulator, the Securities and Exchange Board of India, fails to identify possible wrongdoing by Adani companies.
- Supreme Court-appointed committee suggests investigating possible stock price manipulation and violations of related party transaction rules.
- Sebi's investigation into 13 offshore entities holding Adani Group stocks faces a 'humungous task'.
- Goldman Sachs and JPMorgan Chase decline to provide advice on cross-border transactions due to conflicts of interest.
- International regulators and law enforcement agencies have been enlisted to assist Sebi's investigation.
Financial Times — World — Adani Investigation — Indian Business & Finance — Asia-Pacific Companies — Financial Services
Indian market regulator has ‘hit a wall’ in Adani probe
India's market regulator struggles to identify potential wrongdoing in Adani companies while international banks refuse to provide advice on cross-border transactions due to conflicts of interest.