Opposition parties on Sunday stepped up their attack on the Modi government over the A๊dani issue, with the Congress alleging that its "silence smacks of collusion".
Congress General Secretary (Communications) Jairam Ramesh said his party will pose three questions a day to Prime Minister Narendra Modi over the issue 🔯and "your government cannot hide from saying 'HAHK' (Hum Adani Ke Hain Kaun)🐈”.
What action has been taken, if ever, to investigate the serious allegations made over the years against the Adani Group and is there any hope of a fair and impartial in🐻vestigation in the matter under the prime minister, he said in a statement and asked the prime minister to break his "silence" over the issue.
Telangana Chie𒉰f Minister and BRS leader K Chandrasekhar Rao endorsed the demand of opposition parties for a Joint Parliamentary Committee (JPC) into the Adani "scam", while BSP chief Mayawati said India's image is at stake but the government is taking the issue "very lightly".
Adani group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations including fraudulent transactions and share price manipulation against the Gautam Adani-led group which has dismissed the alleg🐬ations as lies.
The Congress has annou𝐆nced nationwide district-level protests outside all LIC and SBI offices on Monday🐠.
Ramesh said that amid theꦑ allegations against the Adani Group, the Modi government has maintained a "loud sil🅘ence which smacks of collusion".
He alleged Vinod Adani, the🐓 brother of Gautam Adani, was named in the Panama Papers and the Pandora Pꦿapers as someone "who operates offshore entities in the Bahamas and the British Virgin Islands".
"What does the fact that a business entity you are well acquain🉐ted with faces serious allegations tell us about the quality and sincerity of your investigations?" the Congress general secretaryꦿ said.
"How is it possible that one of India's largest business groups, one that has been allowed to build monopolies in airports and seaports, could have escaped serious scr🧸utiny for so long despite persistent allegations?" Ramesh sa⛦id.
O♉ther business groups have been harassed and raided for much less, he alleജged.
"Was the Adani Group essential to a dispensation that has profited from 'anti-corruptio🍷n' rhetoric all of these years," Ramesh said.
Tagging his statement, the Congress leader tweeted, "The eloquent silence of the PM on the Adani MahaMegaScam has forc𝄹ed us to start a series, HAHK-Hum Adanike Hain Kaun. We will be posing 3 questions to the PM daily beginning today."
The opposition parties have alleged that tꦓhe recent meltdown in Adani Group shares is a scam that involves common people's༺ money as public sector LIC and SBI have invested in them.
Parliament was adjourned for the second consecutive day on Friday without transacting any business after the Opposition raised slogans demanding a discus🐈sion and a JPC prob🎐e into the issue.
On Sunday, Tr🐠inamool Congress (TMC) leader Derek O'Brien said his party wants debate not disruption in Parliament and is raring to take on the government.
He said that if any party d𓆉isrupts the House it is in ca⛄hoots with the BJP.
"BJP scared. Trying to RUN AWAY FROM DEBATE in Parliament. 🐻Great chance to skewer Modi Govt from Mon Feb 6 when both Houses debat🍃e President’s Address Keep a close watch. If any Oppn party disrupts, they are in CAHOOTS WITH BJP, We TMC want debate, not disruption," the Rajya Sabha MP tweeted.
Union Information▨ and Broadcasting Minister Anꦅurag Singh Thakur has said the government has nothing to hide on the Adani issue and accused the Opposition of evading discussion in Parliament.
The 10 listed Adani group firms have faced a combined erosion of over Rs 8.5 laꦦkh crore in just six trading sessions. Adani Enterprises al﷽so had to withdraw a Rs 20,000 crore share sale.
"It is going to have a long-term impact on the country's economy and common life. Yet lik💯e in other cases, in this issue also the gover💙nment is not taking the people of the country into confidence through the House. It is sad," Mayawati said.
Telangana Chief Minister Chandrasekhar Rao alleged the Centre has pressured Life Insurance Corporation to make a false statement over its exposu💝re in the Adani Group.
The Indian banking system is involved in this problꦦem and the whole country is wor🎶ried, he said.
Addressing a press conference in Nanded city of Maharashtra after speaking at a public rally, 🅰Rao said, "It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee".
"Everyone knows he (Adani) is your friend. In just two years, he b🔥ecame the world's second richest person. If you are honest, set up a joint parliamentary committee. It is my demand," Rao said.
He said India has enough reserves🍨 of coal that would last for the next 120 years but the Union government is forcing states to procure imported coal, which is only supplied by the Adani group.
"The kind of love the Centre has for Adani, 💙it should have for the people of the country," he said.
The Adani group has maintained it com൲plies with all laws and discไlosure requirements.
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to k💖eep the equity market stable and indicated that the Adani stock rout fo🍰llowing the Hindenburg report was a company-specific issue.
She said banks and insurance companies are "not overexposed" to any one comp🧜any and assured that Indian markets are very well managed by its regulators.
