SEBI Accused of Concealing 2014 DRI Alert on Adani Group

SEBI is under scrutiny for allegedly concealing a 2014 alert from the Directorate of Revenue Intelligence (DRI). This alert reportedly contained information regarding the Adani Group’s alleged diversion of funds into Adani-listed companies through entities based in Dubai and Mauritius. In the Hindenburg matter, the petitioner accused SEBI of not investigating the DRI alert, potentially amounting to perjury. SEBI is further accused of withholding information and providing false details, sparking controversy.