Adani Hails "Truth's Victory" after SC Ruling, Pledges Continued Indian Growth

In response to the Supreme Court's ruling on charges made against his conglomerate by a US short-seller, billionaire Gautam Adani declared on Wednesday that the truth had won out and that his company would keep advancing India's economic development.

The Supreme Court decided on Wednesday that there was no justification for requiring the CBI or SIT to look into accusations made against the Adani group, and that SEBI, the capital market regulator, had to wrap up its investigation in three months.

"The verdict of the Honorable Supreme Court demonstrates that: Truth has won out. Adani wrote on X, formerly known as Twitter, "Satyameva Jayate." "I am grateful to those who stood by us." "We shall keep making our modest contribution to India's remarkable progress. "Jai Hind," he exclaimed.

The top court's three-judge panel, led by Chief Justice D Y Chandrachud, directed the Securities and Exchange Board of India (SEBI) to finish its ongoing investigation in three months and declared that no further investigations were necessary. This could put an end to the year-long drama that began with Hindenburg Research's damning report against the apples-to-airport conglomerate.

The Adani Group has refuted every accusation.

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