No govt committee to probe Adani Group: Minister Pankaj Chaudhary

In written answers (over which no debate was held) in the Lok Sabha, the government said it had not set up any committee to probe allegations by a short seller against Adani Group, but added that capital markets regulator Securities and Exchange Board of India (Sebi) is investigating market allegations against the group.

A separate investigation into imports of Indonesian coal by the conglomerate hasn’t reached finality, Minister of State for Finance Pankaj Chaudhary said. 

To a separate question, Chaudhary said the nine listed companies forming part of Adani Group saw 60 per cent decline in market capitalisation from January