Adani Group Crisis: The Congress and several other opposition parties on Thursday demanded a Joint Parliamentary Committee (JPC) or Supreme Court-monitored probe into the allegations of “economic scam” alleged by the US-based short seller against the Adani group.
Talking to reporters, Congress President and Leader of Opposition (LoP) in Rajya Sabha, Mallikarjun Kharge also called for daily reporting of JPC or SC-monitored probe into matter related to public money.
Kharge said, “Keeping in view the public interest, we want a thorough probe into the Adani case either by a Joint Parliamentary Committee or a Supreme Court-monitored committee. There should also be daily reporting of the probe on this issue.” Media.
Opposition parties gave business notice of suspension in Parliament
He further said that the opposition parties have given suspension of business notice under Rule 267 to discuss the issue of LIC, Public Sector Banks and Financial Institutions jeopardizing the hard earned money of crores of Indians in companies that have lost market value. “But our notices are rejected every time. When we raise important issues, we don’t get time for discussion,” Kharge said.
Furthermore, the Leader of the Opposition criticized the government for funding “such firms” and accused it of pressuring banks to lend money.
“Crores of people invest in LIC which is a reputed institution. Instead of pointing out to one person again and again, we will say how the government is giving money to such companies? We are not able to understand why the government is giving money to such companies. Why are you pressurizing me to lend money?” Kharge said.
Both houses adjourned due to opposition’s uproar over Adani dispute
Notably, both the Houses of Parliament were adjourned till 2 pm on Thursday as the opposition created ruckus demanding a discussion on the Hindenburg Report on the Adani Group.
Read also: Adani Group issues detailed response, calls Hindenburg’s allegations ‘baseless’
It is to be noted here that the allegation of fraud has triggered a rally in the shares of the Adani group company. The debacle has also put at risk the value of investments made by Life Insurance Corporation (LIC) and public sector banks. Shares of the Adani group, where LIC has invested heavily, have lost over USD 100 billion in value after a New York short seller alleged financial and accounting fraud by the port-to-energy group. submitted a damning report.
(with inputs from agencies)