Hours after the US indicted Gautam Adani, accusing him, his nephew and six others for allegedly offering Rs 2,029 crore in bribes to Indian government officials for securing “lucrative solar energy supply contracts”, the Congress doubled down on its call for a Joint Parliamentary Committee probe into the various “scams” involving the Adani Group.
In a post on X, Congress’s communications in-charge Jairam Ramesh said the indictment “vindicates” the demand for a JPC probe. The Congress leader also called for “a new and credible” SEBI head to be appointed to complete the securities law investigations into the ‘Adani MegaScam’.
The indictment of Gautam Adani and others by the Securities and Exchanges Commission (SEC) of the US vindicates the demand that the Indian National Congress has been making since Jan 2023 for a Joint Parliamentary Committee (JPC) investigation into the various Modani scams. The…
— Jairam Ramesh (@Jairam_Ramesh) November 21, 2024
US prosecutors in New York have indicted Adani, his nephew Sagar Adani and six others for allegedly offering Rs 2,029 crore in bribes to Indian government officials for securing “lucrative solar energy supply contracts” with state electricity distribution companies.
Attacking the Narendra Modi-led government, the Congress said: “The INC had asked a hundred questions in its Hum Adani ke Hain (HAHK) series bringing out the various dimensions of these scams and of the intimate nexus that has existed between the PM and his favourite businessman. These questions have remained unanswered.”
In a parallel move, the Securities and Exchange Commission in the US charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., with conduct arising out of a massive bribery scheme.
Saying that the SEC’s actions cast poor light on the manner in which its Indian counterpart, SEBI has gone about investigating Adani, Ramesh said it is SEBI’s abject failure to hold the Group to account for the source of its investments, shell companies, etc.
“The INC reiterates its demand for a JPC into the transactions of the Adani Group, which is leading to growing monopolisation in key sectors of the Indian economy, fueling inflation, and posing huge foreign policy challenges as well, especially in our neighbourhood,” he charged.
