SEBI flags drawing premature conclusions in probe

In the context of the examination concerning the 12 transactions mentioned in the Hindenburg Report, the affidavit highlights their highly intricate nature and involvement across multiple jurisdictions.

SEBI acknowledges that conducting a comprehensive investigation into these transactions would necessitate collating data and information from diverse sources, including bank statements from numerous domestic and international banks, financial statements of onshore and offshore entities involved in the transactions, and contracts and agreements, if any.

The affidavit underscores the importance of meticulously analysing the received documents before arriving at conclusive findings.

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