SEBI unable to decide on Adani row, Cong fumes

New Delhi: The Congress on Saturday said stock market regulator SEBI's inability to reach a conclusive finding on the allegations of round-tripping and money laundering by the Adani Group was "deeply worrying".

Congress general secretary Jairam Ramesh said the Securities and Exchange Board of India (SEBI) has admitted this in its status report to the Supreme Court and added only a Joint Parliamentary Committee (JPC) can examine how the government flouted norms and procedures to help Prime Minister Narendra Modi's "favourite business group".

The Congress leader said that of the 24 matters SEBI investigated relating to the matter, two still have interim status. (PTI)