Investor Dr. Aniruddha Malpani alleged Zerodha stopped him from withdrawing Rs 18 crore, calling it a “scam.” CEO Nithin Kamath clarified the Rs 5 crore limit is a standard safety rule to prevent risks.
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.
![[Adani-Hindenburg Row] New Plea in SC Demanding Disclosure of Sebi's Final Findings in Adani's Case](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-183.png?resize=447%2C367&ssl=1)
Advocate Vishal Tiwari, who petitioned today in the Supreme Court regarding the Adani-Hindenburg issue, plans to submit a plea urging the court to compel Sebi to release its final report. This comes after Hindenburg Research raised concerns about Sebi’s chairperson and a delay in disclosing investigation findings. The SC had upheld Sebi’s investigation previously.