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Adani Group Matters | Opposition parties demand parliamentary committee to investigate

The News GlorybyThe News Glory
02/02/2023
Adani Group Matters |  Opposition parties demand parliamentary committee to investigate

New Delhi: The opposition parties have demanded that a parliamentary committee or a committee chaired by the Chief Justice of the Supreme Court should conduct an inquiry into the allegations against the Adani Group.

When Parliament convened today (Thursday), the opposition parties demanded a debate on the allegations against the Adani Group. Due to this, both Houses of Parliament were adjourned till 2 PM.

In India, the opposition parties, including the Congress, who met with journalists about this divorce, insisted that a joint parliamentary committee or a committee supervised by the Supreme Court should investigate the allegations made by Hindenburg against the Adani Group.

Congress leader Mallikarjuna Kharge said, “A commercial notice has been issued by the opposition parties under Rule No. 267 that a discussion should be held regarding the investment of LIC, public sector banks and financial institutions in Adani group companies, which have lost their market value. We wanted to discuss this matter, but our notice was rejected. .Whenever we want to discuss important issues we are denied permission. LIC, SBI and other nationalized banks also have poor people’s money. That money is invested in certain private companies. When those investments face losses, it is very important to investigate them. So, this divorce. A parliamentary committee or a committee under the supervision of the Chief Justice of the Supreme Court should conduct the inquiry,” he said.

Meanwhile, the stock market announced Rs. Gautham Adani said that he will withdraw the FPO worth 20 thousand crores and return it to the people who invested the money. He also informed that the Board of Directors has decided that it is not advisable to continue the FPO in the current environment. The RBI has sought details of other banks’ investments in Adani Group after its total market capitalization plunged by Rs 100 billion since last week.

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