The Congress party and its leader Rahul Gandhi have intensified their criticism of billionaire Gautam Adani following allegations of a $250 million bribery scheme in the US. Reports suggest that Adani’s company bribed Indian officials to secure favorable treatment, triggering widespread political uproar.
Source:- bbc news
Rahul Gandhi, seizing on the controversy, accused the Modi government of shielding Adani, questioning why the tycoon has not faced legal scrutiny in India despite mounting allegations. “Adani is out of jail because of his connections with the government,” Gandhi alleged, asserting that the controversy reflects a deeper nexus between big business and political power in India.
Source:- news 18
The US charges have added to Adani’s troubles, following earlier allegations by Hindenburg Research about stock manipulation and financial irregularities. Congress has demanded a Joint Parliamentary Committee (JPC) probe into the Adani Group’s dealings, arguing that the issue impacts public institutions, including LIC and SBI, which have significant investments in the group.
The ruling BJP has dismissed the allegations as baseless and politically motivated, accusing Congress of maligning Indian businesses. Union ministers have emphasized that regulatory authorities, including SEBI and ED, are already investigating Adani Group’s operations.
This controversy is poised to dominate political discourse ahead of the 2024 General Elections, with the opposition framing it as a symbol of crony capitalism. Analysts believe the issue could galvanize opposition unity and intensify scrutiny on the government’s economic policies.
Adani Group has denied the allegations, stating that its operations comply with all laws and regulations. However, the fresh charges from the US have heightened scrutiny on its corporate practices and political ties, escalating the political battle over one of India’s largest conglomerates.
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