Congress renews attack on Modi govt over Adani after 'mysterious investors' report

The Congress renewed its attack on the Narendra Modi govt over its alleged associations with businessman Gautam Adani after his company was accused of secretly investing in its own shares in a report by the Organised Crime and Corruption Reporting Project.

Congress spokesperson Jairam Ramesh said that the party has asked Prime Minister Modi 100 questions regarding Adani from 28th January to 28th March but there is still no clarity on owns Rs 20,000 crores in Adani's shell companies.

He said that when Rahul Gandhi about the issue in the Lok Sabha he was disqualified from the Parliament.

Jairam Ramesh also said that the issue is not just Adani but the relationship between Modi and Adani.

Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.

The two men, Nasser Ali Shaban Ahli and Chang Chung-Ling, who OCCRP claimed have longtime business ties to the Adani family and have also served as directors and shareholders in Group companies and firms associated with Gautam Adani's elder brother Vinod Adani, "spent years buying and selling Adani stock through offshore structures that obscured their involvement - and made considerable profits in the process." The documents "show that the management company in charge of their investments paid a Vinod Adani company to advice them in their investment", it alleged.

Adani in a statement categorically rejected what it called as "recycled allegations", calling them "yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report".

(with PTI inputs)

Also Watch: G20 Summit 2023 preparations in full swing in Delhi, Here's how much is it going to cost