SEBI Clears Adani Group; Mahua Moitra’s Post Draws Witty Response from CFO

The Securities and Exchange Board of India (SEBI) has given the Adani Group a clean chit after investigating allegations made by Hindenburg Research. The verdict has triggered a fresh wave of reactions on social media, particularly from political leaders critical of the conglomerate.

Mahua Moitra’s Sarcastic Post

Trinamool Congress MP Mahua Moitra, known for her sharp criticism of the Adani Group, expressed disbelief on X (formerly Twitter). In a sarcastic tone, she wrote:

“Wow! SEBI India has given Adani Group a clean chit. Fully rendered unable to accept it. Absolutely no signs of this happening were expected either.”

Her post reflected her long-standing skepticism about the fairness of investigations into the company.

Adani CFO’s Witty Reply

Adani Group’s CFO Jugeshinder “Robbie” Singh quickly responded to Moitra’s post in a light-hearted manner. He wrote:

“MP Wish you to have a joyful and happy festival time during Puja.”

Though polite in wording, the reply was widely perceived as a witty counter to Moitra’s mockery. The comment went viral, drawing attention to Singh’s calm but strategic approach in handling criticism.

Opposition’s Continued Concerns

While SEBI declared that no proof was found to support Hindenburg’s allegations, the decision has reignited political debate. Opposition leaders remain unconvinced and continue questioning whether large corporates are subjected to fair scrutiny.

Moitra, in particular, has consistently raised concerns in Parliament and on social media about Adani’s corporate governance practices. Her latest remarks indicate continued distrust in the regulatory process.

Corporate vs Political Narratives

The exchange highlights the contrasting narratives:

• Adani Group, appearing to gain relief from SEBI’s ruling, seeks to project stability and resilience.

• Opposition leaders, however, remain vigilant, seeing the clean chit as insufficient to end scrutiny.

For now, the regulator’s verdict provides the Adani Group with a brief moment of calm, but the political spotlight remains firmly fixed on its operations.