A Supreme Court PIL seeks urgent investigation into explosive claims from a US short-seller’s report accusing Vedanta Group of large-scale fraud, manipulation, and regulatory violations. Petitioner alleges these actions could seriously harm Indian investors and minority shareholders.
Senior advocate Prashant Bhushan has accused ex-CJI Chandrachud of using his post-retirement influence to defend Vedanta, a firm under fire from US-based short-seller Viceroy Research. Bhushan also linked this to Chandrachud’s earlier clean chit to Adani in the Hindenburg controversy.
US-based short seller Viceroy Research disagrees with Ex-CJI Chandrachud’s legal opinion supporting Vedanta. Viceroy says his opinion failed to address financial misconduct and misrepresentation.
Former CJI D.Y. Chandrachud criticized Viceroy Research’s report on Vedanta, calling it unreliable and suggesting legal action. Vedanta says the report spreads false claims without contacting them.
