Supreme Court forms an expert committee to probe Adani allegations

Sebi told to investigate stock manipulation charges against group

The Supreme Court on Thursday formed an expert committee headed by a former judge to investigate if there was a regulatory failure leading to investor losses after the adverse report by American short-seller Hindenburg Research on the Adani group of companies came out.

Former Supreme Court judge Abhay Manohar Sapre will head the committee.

The committee will comprise former State Bank of India chairman O P Bhatt, retired judge J P Devadhar, Infosys co-founder Nandan Nilekani, banking veteran K V Kamath, and Mumbai-based advocate Somashekhar Sundaresan as other members.

Welcoming the verdict, Adani group head Gautam Adani tweeted: “The Adani Group welcomes the