In response to the media reports of US regulatory scrutiny against the ports-to-power conglomerate, the Adani Group said in an exchange filing on June 26 that it is unaware of any subpoena issued to its investors in the US by the US Securities and Exchange Commission (SEC).

The filing added that the disclosures of the Gautam Adani-led Group are “a matter of public record”, and the regulators routinely “seek access to public material in an easy & referenceable manner”. 

The clarification came two days after the media reports that stated that the 

the US Attorney’s office in Brooklyn and the SEC have sent inquiries to institutional investors on representation made by the conglomerate after US short-seller Hindenburg’s allegations.

The statement noted that the Adani portfolio companies and their businesses have acted as per the regulations and accounting standards of the jurisdictions in which they operate. It added that the Adani Group operates under a robust corporate governance framework and is committed to following laws and regulations.

The bonds issued by some of the listed companies of the Group are listed on the Singapore Exchange (SGX) and/or India International Exchange (INX), and most of these bonds are raised under the ECB guidelines of the Reserve Bank Of India (RBI), the company clarified in the filing. 

Earlier, the Group had dismissed the Hindenburg allegations as lies, citing that it complies with all laws and disclosure requirements. The group has also taken several measures recently, including reducing debt, releasing promoters’ pledged shares, and infusing fresh capital to increase investor confidence.