SC must transfer Adani probe to CBI or SIT given ‘likelihood of SEBI’s compromise: Congress

“Moreover, recent revelations raise disturbing questions about SEBI’s integrity and conduct in investigating the Adani mega scam,” he said.”SEBI, long considered a trustworthy global financial market regulator, is now under scrutiny. It is shocking to discover that SEBI chairperson and her husband invested in the same opaque Bermuda and Mauritius-based offshore funds where Vinod Adani and his close associates, Chang Chung-Ling and Nasser Ali Shaban Ahli, also invested,” he said.These funds were managed by Anil Ahuja, a close friend of the Buchs and an independent director in Adani Enterprises until May 31, 2017, a period that overlapped with the SEBI chairperson’s earlier tenure as a whole-time member of SEBI, Ramesh said.”The illusion that the SEBI chairperson and her husband had separated their finances has been shattered by the revelation that after joining SEBI, she transacted in the fund from her personal email account on February 25, 2018. Ironically, these funds are part of the same vehicles (Global Opportunities Fund and Global Dynamic Opportunities Fund) that Chang and Ahli reportedly used to bypass Rule 19A, the very violation that SEBI is currently investigating,” he said.”While 360 ONE, the fund manager, claimed that IPE Plus 1 Fund made no investments in the Adani Group, it remains silent on whether Vinod Adani, Chang, or Ahli were investors in that fund alongside the Buchs.



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