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.
NEW DELHI: The Supreme Court on Friday (10th Jan) rejected a PIL that accused the Reserve Bank of India (RBI) of exchanging Rs 30 crore worth of defaced currency notes linked to a Kashmir separatist group.
