New Delhi (PTI): The Aam Aadmi Party on Sunday protested outside the BJP headquarters here, demanding a probe into the allegations of fraud against the Adani group in the Hindenburg research report.

The party's Delhi convener Gopal Rai said a joint parliamentary committee comprising members from various parties should probe the matter.

"BJP is running away from the probe. There is only one leader, Chief Minister Arvind Kejriwal who is not scared of any investigation," he said.

Adani Group stocks have taken a beating on the bourses after the US-based Hindenburg Research made a litany of allegations against it, including fraudulent transactions and share price manipulation.

The business conglomerate has dismissed the allegations as lies. Opposition parties, including the Congress, have alleged that the meltdown in Adani Group shares is a scam that involves common people's money as LIC and SBI have invested in them.

The party has also been demanding a joint parliamentary committee probe into the issue.

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New Delhi: The Lokpal, chaired by former Supreme Court Justice AM Khanwilkar, has deferred action on two complaints filed against SEBI Chief Madhabi Puri Buch, stating that the Hindenburg Report alone is insufficient for initiating an inquiry. The Lokpal requested the complainants, including MP Mahua Moitra, to submit additional evidence and verify the authenticity of the report.

The complaints stemmed from allegations in the Hindenburg report that suggested a quid pro quo relationship between the SEBI Chief and offshore funds linked to the Adani Group. However, the Lokpal noted that the report's contents, without further substantiation, do not justify proceeding under the Lokpal and Lokayuktas Act, 2013.

The Lokpal highlighted the need for foundational facts that demonstrate how the SEBI Chief's actions fall under the Prevention of Corruption Act, 1988, and referred to a pending Supreme Court application related to the Hindenburg report. It further directed the complainants to explain their efforts to verify the report's credibility and ordered them to file affidavits outlining specific allegations.

The Lokpal has set the next hearing for October 17.