Rahul Gandhi seeks answers from PM Modi and calls for a Joint Parliamentary Committee investigation on Adani Group.

Rahul Gandhi demands JPC probe into Adani family’s investments

New Delhi: Congress leader Rahul Gandhi has demanded a Joint Parliamentary Committee (JPC) probe into reports that the Adani family associates invested “hundreds of millions” in the company through “opaque investment” funds based in Mauritius. Addressing a press conference after attending the opposition bloc INDIA’s meet in Mumbai, Rahul cited reports from The Guardian and Financial Times that raised questions on the Adani matter.

Rahul Gandhi calls for investigation

Rahul Gandhi referred to a new report by the OCCRP (Organised Crime and Corruption Reporting Project), which alleged that “mysterious” investors bought and sold Adani stock through offshore structures. He highlighted a Sebi probe into the group but questioned the clean chit given to Adani, stating that “something is wrong here”. Rahul demanded a JPC probe into the matter and criticized Prime Minister Narendra Modi for his silence.

Gautam Adani’s group faces fresh allegations

Billionaire Gautam Adani’s group has been hit by fresh allegations that the associates of the promoter family used Mauritius-based “opaque” investment funds to secretly pump money into the group. These investments allegedly fueled the group’s stock rise between 2013 and 2018. The conglomerate has strongly denied these charges.

India’s reputation at stake ahead of G20 summit

Rahul Gandhi expressed concern about India’s reputation ahead of the G20 summit in the national capital and urged PM Modi to look into the Adani matter. He questioned why the Prime Minister has not initiated an investigation into the issue.

Summary:

• Congress leader Rahul Gandhi demands JPC probe into Adani family’s investments through “opaque” investment funds in Mauritius.
• Rahul cites reports from The Guardian and Financial Times that raise questions on the Adani matter.
• He refers to a new report by OCCRP alleging “mysterious” investors buying and selling Adani stock through offshore structures.
• Rahul questions the clean chit given to Adani by Sebi and demands a JPC probe into the matter.
• Billionaire Gautam Adani’s group faces fresh allegations of using “opaque” investment funds to secretly pump money into the group.
• India’s reputation is at stake ahead of the G20 summit, says Rahul, urging PM Modi to investigate the issue.
• The Adani group vehemently denies the allegations.