Supreme Court Rejects TMC MP Mahua Moitra’s Plea for More Transparency in Financial Markets

The Supreme Court of India dismissed a Public Interest Litigation by MP Mahua Moitra aimed at enhancing transparency in financial markets concerning Alternative Investment Funds (AIFs) and Foreign Portfolio Investors (FPIs). The petition emphasized disclosure of ultimate beneficial owners, arguing that the current opacity raises risks of market manipulation, money laundering, and economic instability.