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 Adani Group advisor’s presence on Environment Ministry’s expert committee flags conflict of interest
Janardan Choudhary, an advisor to Adani Green Energy Limited, was also reportedly part of a meeting in October when a project by the company came up for evaluation https://www.thehindu.com/news/national/opposition-parties-slam-government-over-reported-appointment-of-adani-energy-advisor-on-environment-ministrys-committee/article67531668.ece Mr. Choudhary clarified to the Press Trust of India (PTI) that while he had attended the October 17 meeting, he had refrained from participating in the session focusing on AGEL’s Tarali project. The minutes of the meeting, perused by The Hindu, show that he participated in the meeting on October 17 “via video-conferencing” but was absent on October 18. The records, however, do not suggest that he recused himself from the meeting.

.. A senior official in the Ministry, familiar with the procedures around EAC proceedings, told The Hindu on condition of anonymity that having members affiliated to industry in the EAC committees was not out of the ordinary and an accepted practice. This was because their practical experience was “invaluable” in ascertaining the impact of projects. However, all members had to declare their affiliations and recuse themselves from matters that could conflict with their position. Such recusals were expected to be noted in the minutes of the meeting, and this has been an established practice in the past. “It was possibly an oversight but this would require an explanation,” the official noted.

Priyanka C of Shiv Sena said: “If an ethics committee can hold an elected member of parliament guilty for sharing email by calling it a national security and conflict of interest issue, how is a person working as an advisor to a private company, a company that has pending approvals in MoEFs EAC be allowed a seat on the EAC itself?

Adani केस में बनी कोर्ट एक्सपर्ट कमिटी पर ऐसा खुलासा कि खुद सुप्रीम कोर्ट भी खा गया गच्चा, उड़े होशSep 21, 2023
Fresh affidavit in adani Hindenburg , sebi then chief uk sinha, ndtv new director uk sinha ex sebi chairman,
सुप्रीम कोर्ट में फ़ाइल खुलने से पहले ही अडानी ग्रुप में भगदड़b149 ऑडिटर का इस्तीफा, सेबी...

Adani-Hindenburg row: Fresh plea in Supreme Court seeks new panel with 'no conflicts of interest' https://www.livemint.com/news/india/adanihindenburg-row-fresh-plea-in-supreme-court-seeks-new-panel-with-no-conflicts-of-interest-11695030670657.html  18 Sep 2023,

The application specifically questions the involvement of OP Bhatt, a member of the Expert Committee and former Chairman of the State Bank of India, who is presently the Chairman of Greenko, a renewable energy company. It notes that Greenko and the Adani Group have been in a close partnership since March 2022 to provide energy to Adani's facilities in India.

K V Kamath, another member of the committee, was Chairman of ICICI Bank from 1996 to 2009 and was mentioned in a CBI FIR related to the ICICI Bank fraud case.

The petitioner had previously raised concerns about another committee member, Somashekhar Sundaresan, citing his representation of Adani before various forums, including the SEBI Board.

 Supreme Court नहीं पहुँची Adani की SEBI Report News Nasha 
14 Aug 2023 https://www.youtube.com/watch?v=dsFucvBlN0k

SEBI seeks more time on Adani-Hindenburg report: https://indianexpress.com/article/explained/explained-economics/sebi-adani-hindenburg-report-case-timeline-8892362/  The Securities and Exchange Board of India (SEBI) has filed an application in the Supreme Court seeking 15 more days to conclude its inquiry in the Adani-Hindenburg case. The regulator has said it has “substantially progressed” in its investigations. 

https://www.businessinsider.in/business/corporates/news/sebi-report-on-adani-group-market-regulator-seeks-15-more-days-from-sc/articleshow/102717140.cms   This is the second extension that the markets regulator has sought from the apex court. Sebi is awaiting information it has sought from foreign entities, regulators and agencies.

The Supreme Court appointed 6-member panel has found no wrongdoing by the Adani Group..... The three key areas the SC appointed committee was looking into were: 1) Violation of Minimum Public Shareholding norms, 2) Disclosure of transactions with related parties in accordance with the law and 3) Stock price manipulation. The report says that prima facie there is no violation of existing laws or market regulations. .. A violation of MPS norms would have been proven if the ultimate beneficiary of these 13 foreign portfolio investors (FPIs) could be in any way traced back to the promoters of Adani Group..