SEBI Probes IndusInd Bank and Adani-Linked Funds

India's Securities and Exchange Board (SEBI) is conducting two major investigations: one into alleged insider trading and accounting fraud at IndusInd Bank, prompted by the bank's disclosure of significant losses, suspected senior employee fraud, and high-profile resignations, and another into two Mauritius-based funds for failing to disclose required shareholder information. The Reserve Bank of India is also reviewing IndusInd Bank from a regulatory perspective. SEBI has threatened the Mauritius funds with penalties and license cancellation as part of its probe into the Adani Group, which faces allegations of improper use of tax havens and violations of minimum public shareholding norms. The funds' lack of disclosure has impeded SEBI's investigation into possible breaches of public shareholding regulations. Both cases underscore SEBI's heightened regulatory vigilance in India's financial sector. Neither SEBI, IndusInd Bank, nor the Adani Group have responded to queries regarding the investigations.