Congress leader moves SC for probe on Adani Group on Hindenburg charges

Also wants LIC and SBI probed for participating in Adani Enterprises FPO; says investors lost Rs 10 trillion following 50% decline in prices of group firm stocks

A writ petition has been filed in the Supreme Court by Congress leader Jaya Thakur, seeking an investigation against the Adani Group of companies in light of the Hindenburg report.

The plea seeks a probe against Life Insurance Corporation (LIC) and State Bank of India (SBI) for allegedly investing in the Adani Enterprises FPO (Follow on Public Offer) at Rs 3,200 per share, when price was Rs 1,800 per share in secondary market.

The prayer in the petition sought an investigation against the Adani group of companies "for swindling lakhs of crores of public money and money of the government