![]() ![]() It imposed penalties on Gautam Adani, Rajesh Adani and Vineet Jain," he said. "The Registrar of Companies in Gujarat recently ruled that Adani Power had violated the Companies Act, 2013, by hiding related-party contracts and transactions. "As the Modani brigade desperately tries to spin the Supreme Court Expert Committee's report as a 'clean chit' (it isn't), more evidence emerges that Adani has engaged in multiple related-party transactions aimed at duping minority shareholders and unfairly enriching the promoters," Ramesh said. ![]() Taking to Twitter, Congress general secretary Jairam Ramesh tagged a media report which claimed that the Registrar of Companies (Gujarat), in a ruling earlier this month, has held that Adani Power and its officials had violated provisions of the Companies Act, 2013, by not reporting related-party contracts and transactions in the register of contract. The Congress' assertion comes after a report by the Supreme Court-appointed expert committee said it has found no evidence of stock price manipulation in Adani group companies, while a separate SEBI probe into alleged violation in money flows from offshore entities has "drawn a blank". The Congress on Monday alleged that the Supreme Court-appointed expert committee and the SEBI have "hit walls" while investigating the Adani group's transactions and stressed the need for a joint parliamentary committee probe to unravel the truth in the matter.
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