With SEBI telling the Supreme Court that it was not investigating the Adani Group since 2016, the Congress on Monday cited a Union Minister's reply in the Lok Sabha to challenge the claim and asked whether Parliament was misled or the market regulator was "fast asleep" as investors were "duped".
Reacting to the development, the Finance Ministry said it stands by its July 2021 written reply in Parliament that had stated that the stock market regulator was investigating some Adani Group companies. "The government stands by its reply in Lok Sabha on 19th July 2021 to Q. No. 72, which was based on due diligence and inputs from all concerned agencies," the Finance Ministry tweeted in response to the Congress’ earlier tweet.