Rahul Gandhi Raises Concerns, Urges JPC Investigation into OCCRP Report on Adani Group; Questions PM Modi’s Silence

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Rahul Gandhi Demands JPC Probe into Adani Investment Allegations

New Delhi: Rahul Gandhi Demands JPC Probe into Adani Investment Allegations

Millions of dollars invested in Adani stocks via OPAQUE funds, reports OCCRP

Congress leader Rahul Gandhi has called for a Joint Parliamentary Committee (JPC) investigation into reports that the Adani family associates invested “hundreds of millions” in the company through “opaque investment” funds based in Mauritius.

The Allegations

  • Adani family associates invested “hundreds of millions” in Adani stocks through “opaque investment” funds based in Mauritius
  • Mastermind behind the alleged stock manipulation is Vinod Adani
  • Other individuals involved in the round-tripping of money are Nasir Ali Shaban Ahli and Chang Chung Ling

Demand for Investigation

Rahul Gandhi criticized Prime Minister Narendra Modi’s silence on the issue and called for him to clear his name and explain the situation. He demanded a JPC probe into the matter to ensure a thorough investigation is conducted.

India’s Reputation at Stake

Rahul Gandhi highlighted that India’s reputation is at stake ahead of the G20 summit and emphasized the need to address the issue before the summit takes place.

BJP Response

The BJP responded to the allegations by stating that India’s rise as a strong nation has become an eyesore for many people. They urged the agencies and institutions responsible for handling such allegations to conduct their investigations.

OCCRP Report and Previous Allegations

The fresh allegations by OCCRP come after a report by US short-selling firm Hindenburg Research, which wiped away close to $150 billion in value of Adani group stocks. The report accused the group of accounting fraud, stock price manipulation, and improper use of tax havens.

Watch: Rahul Gandhi demands JPC to probe fresh ’round tripping’ allegations against Adani group

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