NEW DELHI, October 19: The Congress party, on Thursday, reiterated its call for the Securities and Exchange Board of India (SEBI) to remain resolute and expedite its investigation into the Adani matter. The party also emphasized the need for a Joint Parliamentary Committee (JPC) probe to comprehensively investigate the issue.
In a post on social media, Congress General Secretary Jairam Ramesh referenced a media report indicating that SEBI had approached the Organized Crime and Corruption Reporting Project (OCCRP) to obtain crucial documents related to allegations of stock manipulation and accounting fraud concerning the Adani Group.
Ramesh stated, “Recently, the Organized Crime & Corruption Reporting Project (OCCRP) uncovered compelling evidence that Adani associates were overseeing opaque shell companies in offshore tax havens, which had accumulated substantial stakes in Adani Group companies, all in clear violation of SEBI regulations.”
He pointed out that major international publications such as the Financial Times and the Guardian had extensively covered this story.
Ramesh also highlighted the attempts by the Adani Group and its supporters in the BJP to discredit OCCRP by labeling it as “Soros-funded interests.” However, it has now come to light that SEBI itself sought access to the documents that substantiate Adani’s alleged involvement in round-tripping and money laundering of benami funds.
Ramesh questioned whether Adani’s defenders would now accuse SEBI of conspiring with George Soros. He stated, “Does this not prove that SEBI is finally taking these disclosures seriously and endeavoring to fulfill its duty to the nation?”
The Congress party urged SEBI to stand firm and expedite its investigation. Nevertheless, they reiterated the necessity for a JPC to investigate the entire scope of the Adani MegaScam, including any financial or other connections between the Prime Minister and Gautam Adani, his close friend.
The opposition party has been raising concerns about the financial dealings of billionaire Gautam Adani’s Group following allegations of “irregularities” and stock price manipulation made by the US research firm Hindenburg. The Adani Group has consistently denied all the allegations and maintained that there has been no wrongdoing on their part.
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