No Surprises in SEBI Clean Chit to Adani over Issues Flagged by Hindenburg
Regulator Focus Narrowed Down to Technicalities to Cover up Serious Lapses
2025-09-20 12:01
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The Securities and Exchange Board of India’s clean chit to the Adani Group over allegations raised by the Hindenburg report has hardly surprised anyone who has followed the regulator’s history. For decades, SEBI has functioned less like an independent watchdog and more as an extension of the Establishment, sensitive to the political and corporate hierarchies that shape the Indian economy.