One of SEBI’s most respected former chairmen has said stories by The Financial Times based on documents shared by the Organised Crime and Corruption Report Project, which raises disturbing questions and makes worrying allegations about the Adani Group, is “very persuasive”. Speaking on the Financial Times report, M. Damodaran said it is “well-compiled and a credit to those who put it together”. He said there’s “a presumption some of this is correct”. However, Damodaran added that as yet the report is “not conclusive”, explaining that the distance between “very persuasive” and not “not conclusive” must be covered by a thorough and diligent investigation. SEBI cannot “turn a Nelson’s eye”. Read More