New Delhi: Congress leader Jairam Ramesh yesterday questioned the central government regarding the Adani Group issue.
“Prime Minister Modi and Adani have had a close relationship for a long time. So, has the Modi government, which talks about eradicating black money, decided to turn a blind eye to Adani’s irregularities? He further said, “Public sector company LIC has invested Rs 74,000 crore in Adani Group. SBI’s contribution alone is 40 percent of the loans given to the Adani Group. “Modi has put the government financial system in a dangerous situation,” he said.
The US-based Hindenburg Research Institute has published that the Adani Group has been involved in systematic abuses such as stock fraud, tax evasion, inflating the value of the stock and obtaining excessive loans. The report created a huge controversy in the Indian stock market circles. Due to this, the share value of Adani companies fell by Rs 4.20 lakh crore in two days. Due to this, LIC, which had invested in it, also suffered a loss of Rs.16 thousand crores.