NEW DELHI: Congress on Thursday said that the closure of ‘Hindenburg Research‘ does not, in any way, mean a “clean chit” for the Adani Group and Prime Minister Narendra Modi. The Congress asserted that without an investigation by a Joint Parliamentary Committee, “the already-compromised institutions of the Indian state will continue to act only to protect the powerful.”
Congress’s statement comes in the backdrop of Hindenburg Research founder Nate Anderson‘s announcement that the US short-seller would disband.
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To drive home its point, party general secretary in-charge of communications Jairam Ramesh said Hindenburg’s report of January 2023 “proved serious enough to compel the Supreme Court of India to set up an expert committee to probe the allegation made in it against the Adani Group whose prime patron is none other than the present Prime Minister of India”.
He alleged that the Hindenburg report covered only one part – securities laws violations – of the mega scam. “The matter goes far deeper, ” Ramesh alleged that it involves the “abuse of Indian foreign policy” and the “misuse of investigative agencies to force Indian business persons to divest critical infrastructure assets and help Adani build monopolies in airports, ports, defence and cement”. He further alleged that it also “involves the capture of once-respected institutions such as SEBI“.
Congress further highlighted that the US department of justice has accused Adani of bribing Indian officials to secure lucrative solar power contracts. “The Swiss public prosecutors office has frozen several Adani-linked bank accounts operated by Chang Chung-Ling and Nasser Ali Shaban Ahli that are “suspected of engaging in illicit activities, including money laundering and embezzlement.” “As evidence of criminality has emerged, many countries have cancelled their Adani projects,” the party claimed.
