Investors expect Sebi will fulfil mandate of protecting interests: Congress

The Congress on Friday said lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the "opaque network of shell companies" that have allegedly funnelled crores into Adani companies.

The Congress' assertion came after the Supreme Court said it may consider granting three more months to SEBI for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15.

Tagging a media report on the Supreme Court's observations in the matter, Congress general secretary Jairam Ramesh said in a tweet, "Supreme Court has given time till August 15th for SEBI to submit its report on the Adani Group."

"Lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the opaqu