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SEBI is prosecuting Adani now [0] (edit: correct link [1] - they are going after Adani Group's holding funds in Marutius). The previous chairperson of SEBI was

SEBI is prosecuting Adani now [0] (edit: correct link [1] - they are going after Adani Group's holding funds in Marutius). The previous chairperson of SEBI was unceremoniously canned this March for this incident and the Adani incident, and the current chairperson (Tuhin Kanta Pandey) cleaned up Indian SoEs during their privatization during Modi 2. Edit: cannot reply below Indian regulators won't settle with Adani Group. They have become a political liability due to how slapshot they played AND because the Bihar Elections are coming up, so skinning some goats (balli ka bakra) is a quick win - the RJD, INC, and TMC attacks on Modi+Adani are landing in Bihar and much of the rest of India. Every Indian government does this - such as Kingfisher Group, Sahara Group, Gitanjali Group, etc. Treat it the same way as Truong My Lan's case in Vietnam and Wanda Group's case in China. [0] - https://www.reuters.com/sustainability/boards-policy-regulation/indian-regulator-accuses-adani-nephew-insider-trading-case-he-seeks-settle-2025-05-02/ https://www.reuters.com/sustainability/boards-policy-regulat... [1] - https://www.reuters.com/sustainability/boards-policy-regulation/india-threatens-two-offshore-funds-holding-adani-shares-with-penalties-document-2025-05-19/ https://www.reuters.com/sustainability/boards-policy-regulat...

SeanAnderson 1y ago
Thanks. That's great to hear.
- ericmay 1y ago
  They'll settle
pseudo0 1y ago
That's not what the article says. > Adani, the nephew of Gautam Adani, was sent a notice by the Securities and Exchange Board of India (SEBI) last year which alleged he shared information about Adani Green's (ADNA.NS), 2021 acquisition of SoftBank-backed SB Energy Holdings with his brother-in-law before the deal was announced, according to a source and the document. Some Adani relative is getting a slap on the wrist for a $100k insider trading violation. This has nothing to do with the main issues raised by Hindenburg.
- lazide 1y ago
  Nobody in the current lower structure is going to do anything about what Hindenburg raised - they’re too complicit.
  - alephnerd 1y ago
    Other way around. Lower rungs at AGMUT roles are the most vocal about abuses of power becuase they want to become a joint secretaries in 20 years. It's once your role approaches cabinet appointment level that stuff gets dicey. Of course, Pandeyji is fairly clean and has a reputation as an enforcer in Odisha and later during the cleanup in the run-up of privatization. It's going to be mid-level leadership that will push back. Like I said before, treat this the same way you would similar news in Vietnam, China, Russia, or Romania.
- geodel 1y ago
  Indeed. Seems political establishment and regulators were waiting to find some small piece to sacrifice and now that they have found one, "rule of law will be applied to fullest extent". Unlike corruption etc, rule of law really is best way to reward your favorites and punish your adversaries thoroughly.
  - alephnerd 1y ago
    Pretty much. Welcome to the developing world. Morality and ethics don't matter. They are tools like any others in power plays . As the classic Indian maxim states - "Jiski laathi, uski bhains".
  - senderista 1y ago
    “To my friends, everything; to my enemies, the law.”
    - geodel 1y ago
      I call same thing at work: "To my friends, everything; to my enemies (or everyone else) corporate policy".

SeanAnderson 1y ago

Thanks. That's great to hear.

ericmay 1y ago
They'll settle

pseudo0 1y ago

That's not what the article says. > Adani, the nephew of Gautam Adani, was sent a notice by the Securities and Exchange Board of India (SEBI) last year which alleged he shared information about Adani Green's (ADNA.NS), 2021 acquisition of SoftBank-backed SB Energy Holdings with his brother-in-law before the deal was announced, according to a source and the document. Some Adani relative is getting a slap on the wrist for a $100k insider trading violation. This has nothing to do with the main issues raised by Hindenburg.

lazide 1y ago
Nobody in the current lower structure is going to do anything about what Hindenburg raised - they’re too complicit.
- alephnerd 1y ago
  Other way around. Lower rungs at AGMUT roles are the most vocal about abuses of power becuase they want to become a joint secretaries in 20 years. It's once your role approaches cabinet appointment level that stuff gets dicey. Of course, Pandeyji is fairly clean and has a reputation as an enforcer in Odisha and later during the cleanup in the run-up of privatization. It's going to be mid-level leadership that will push back. Like I said before, treat this the same way you would similar news in Vietnam, China, Russia, or Romania.
geodel 1y ago
Indeed. Seems political establishment and regulators were waiting to find some small piece to sacrifice and now that they have found one, "rule of law will be applied to fullest extent". Unlike corruption etc, rule of law really is best way to reward your favorites and punish your adversaries thoroughly.
- alephnerd 1y ago
  Pretty much. Welcome to the developing world. Morality and ethics don't matter. They are tools like any others in power plays . As the classic Indian maxim states - "Jiski laathi, uski bhains".
- senderista 1y ago
  “To my friends, everything; to my enemies, the law.”
  - geodel 1y ago
    I call same thing at work: "To my friends, everything; to my enemies (or everyone else) corporate policy".