'Adani's brother...': Cong's 3 questions to govt; 'Can't say hum Adani ke hain kaun'

Feb 05, 2023 04:58 PM IST

The Congress asked why the Adani Group never came on the radar of the probe agencies while his brother Vinod Adani was named in Panama Papers and Pandora Papers.

Raking up the issue of Vinod Adani, Gautam Adani's brother, who was named in the Panama Papers and the Pandora Papers, the Congress on Sunday asked the government what happened to its strong stance against economic offenders that it elucidated on several platforms. Darting three questions to the government amid the Adani crisis, the Congress said, "You and your government cannot hide from -- saying Hum Adani ke Hain Kaun." Read | Gautam Adani's luxury car collection includes Rolls Royce Ghost, BMW-7: Report

The Congress on Sunday raised three questions over the Adani row. (AP)
The Congress on Sunday raised three questions over the Adani row. (AP)

Parliament sessions for the last few days witnessed uproar as the Congress demanded a court-monitored probe or a joint parliamentary committee investigation. On the concerns of SBI, LIC, PNB's investment into Adani, finance minister Nirmala Sitharaman said they all have issued statements confirming that their exposure to Adani stocks has been within permitted limit.

How Adani selloff stacks up against the biggest stock collapses

Amid the ongoing political row, the Congress on Sunday asked why no central agency has not yet investigated the allegations against the Adani Group when Vinod Adani, the brother of Gautam Adan, was named in the Panama Papers and the Pandora Papers as someone who operates offshore entities in the Bahamas and the British Virgin Islands.

Inside the 19-hour Adani embroglio that led to scrapping of $2.5 billion FPO

"He (Vinod Adani) is alleged to have engaged in 'brazen stock manipulation; and 'accounting fraud' via a vast labyrinth of offshore shell entities'. What does the fact that a business entity you are well acquainted with faces serious allegations tell us about the quality and sincerity of your investigations?" the Congress said.

"What action has been taken, if ever, to investigate the serious allegations made over the years against the Adani Group? Is there any hope of a fair and impartial investigation under you?" -- This is the second question of the Congress.

"How is it possible that one of India's largest business groups, one that has been allowed to build monopolies in airports and seaports, could have escaped serious scrutiny for so long despite persistent allegations? Other business groups have been harassed and raided for much less. Was the Adani Group essential to a dispensation that has profitted from 'anti-corruption' rhetoric all these years?" -- is the third question.

Get Latest India Newsalong with Latest Newsand Top Headlinesfrom India and around the world.
Story Saved
Live Score
Saved Articles
My Reads
My Offers
Sign out
New Delhi 0C
Friday, June 02, 2023
Start 14 Days Free Trial Subscribe Now
Register Free and get Exciting Deals