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Indian billionaire Gautam Adani says ‘truth has prevailed’ after top court orders regulators to wrap up probe
India’s top court ordered the country’s market regulator on Wednesday to conclude its investigation into the Adani Group quickly and said that no further probes are needed. The Securities and Exchange Board of India (SEBI) had completed 22 of 24 investigations into the Adani Group, the Supreme Court said in a ruling posted to its website. It added that the regulator “cannot keep the investigation open-ended and indeterminate in time.” “Hence, SEBI shall complete the pending investigations preferably within three months,” the judgment said. The ruling, which comes almost one year after the US short-seller ... (full story)