New Delhi: Both houses of Parliament have been adjourned till 2 pm today as there was a huge ruckus created by the Opposition, over the Adani row. Several leaders of Opposition parties are demanding a probe intoĀ the allegations raised against theĀ Adani Group by Hindenberg. They are stating the issue is “endangering the hard-earned money of crores of Indians.”
Congress and other parties in the matter are demanding a joint parliamentary committee or SC-monitored probe. This comes a day after the Adani Board called off its flagship share sale.
In order to examine the problem of investments by LIC, Public Sector Banks, and financial institutions in Adani Group companies losing market value, Congress President Mallikarjun Kharge claimed that the Opposition has given the suspension of business notice in Parliament under rule 267.
Demanding a probe, Kharge said, “We wanted a discussion on that. Our notices get rejected. When we raise important issues, no time is given for discussion. The money of poor people is there in LIC, SBI, and other national banks and it is being given to selected companies. Either a joint parliamentary committee or a team under the supervision of the CJI of the Supreme Court should investigate this.”
Also Read: Watch: Gautam Adani Addresses Investors After Calling Off Share Sales
On February 1, the Adani Board decided to call off the Follow-on Public Offer (FPO) of equity shares. FPO of equity shares aggregated up to Rs 20,000 crore to insulate investors from any potential financial losses.
This comes after Adani Group’s shares witnessed a huge downfall in the share market after Hindenberg Report’s release.
In the report, the Adani group is accused of stock manipulation, improper use of tax havens, and money laundering. The report also raises concerns about the group’s ascending debts.
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