Gautam Adani Networth Details: Gautam Adani, chairperson of Adani Group of Companies, has once again become India’s richest man by defeating Reliance Industries Chairman Mukesh Ambani in the Bloomberg Billionaires Index. Due to the surge in shares, Gautam Adani has made his place in the top 12 in the world rankings, while Ambani is down one place at 13th.
Due to the Supreme Court’s decision in the Adani-Hindenburg case, all 10 shares of the group saw a rise, due to which Adani’s total wealth has increased. On January 24 last year, American short seller company Hindenburg had accused Gautam Adani of share manipulation and money laundering, after which the company’s shares fell heavily.
6 member committee and SEBI were investigating (Gautam Adani Networth Details)
The Supreme Court had formed a 6-member committee to investigate the matter. Apart from this, market regulator SEBI was also asked to investigate. The Supreme Court had said 4 big things in its decision on January 3, which in a way is a clean chit for Adani.
- SEBI completed investigation of 22 cases, investigation of 2 cases was completed within 3 months.
- The power of this court to interfere in the regulatory framework of SEBI is limited.
- The OCCPR report cannot be seen as a doubt on SEBI’s investigation.
- There is no basis for transferring the investigation from SEBI to SIT.