Rahul Gandhi calls for JPC probe into reports that Adani family associates secretly invested in own shares
Talking to reporters in Mumbai, Congress party leader Rahul Gandhi called for a thorough investigation into the Adani matter, saying a Joint Parliamentary Committee (JPC) should be allowed and a thorough investigation should take place into the allegations against the businessman.
Senior Congress leader Rahul Gandhi on Thursday called for investigation after reports suggested that Adani family associates invested "hundreds of millions" in the company through opaque investment funds based in Mauritius. Questioning the clean chit given by the Securities and Exchange Board of India (SEBI) to the billionaire businessman, he said, "There was SEBI probe but clean chit was given to Adani; (it is) very clear that something is wrong here," and alleged, "The gentleman who conducted SEBI investigation and gave a clean chit to Adani Group is now a director on a media company owned by the same group."
Talking to reporters in Mumbai, the Congress party leader called for a thorough investigation into the Adani matter, saying a Joint Parliamentary Committee (JPC) should be allowed and a thorough investigation should take place into the allegations against the businessman.
While brandishing copies of newspapers, the senior Congress party leader said that “prominent global financial newspapers have raised very important questions on the Adani matter.”
Billionaire Gautam Adani's group of companies was hit by fresh allegations of associates of the promoter family using Mauritius-based 'opaque' investment funds to secretly invest hundreds of millions of dollars to fuel the spectacular rise in group stocks during 2013 to 2018. The charge has been denied vehemently by the conglomerate.
The Organised Crime and Corruption Reporting Project (OCCRP) alleged that hundreds of millions of dollars were invested by the Adani group in publicly traded group stocks through Mauritius-based 'opaque' investment funds, managed by partners of the promoter family. As per the report, the group companies had secretly purchased their shares from 2013 to 2018.
(With Agency Inputs)
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