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Tag: Adani vs Hindenburg

  • Congress criticises SEBI’s six-month extension plea to finish Adani probe

    Through PTI

    NEW DELHI: The Congress on Monday mentioned granting a six-month extension to the Securities and Alternate Board of India (SEBI) to finish its probe into the alleged inventory worth manipulation by means of the Adani crew might create the belief the investigation isn’t being severely pursued however being “buried”.

    Marketplace Regulator SEBI has moved the Perfect Courtroom searching for an extension to finish its investigation.

    Congress Basic Secretary (in-charge, communications) Jairam Ramesh mentioned a Joint Parliamentary Committee (JPC) probe is had to totally examine the Adani factor, however a fast SEBI investigation may be required to unravel the “very severe allegations”.

    The highest courtroom had on March 2 requested the SEBI to probe the topic inside two months and in addition arrange a panel to appear into the safety of Indian traders after a damning record by means of a US short-seller burnt up greater than USD 140 billion of the conglomerate’s marketplace price.

    Tagging a media record at the SEBI’s plea, Ramesh mentioned, “SEBI has discovered many irregularities worthy of investigation within the Adani Mega Rip-off, and we urge it to pursue every result in its logical conclusion.”

    “However an extended six-month extension dangers the belief that the investigation isn’t being vigorously and severely pursued however is being buried, as came about with no less than two earlier SEBI investigations into the Adani Workforce,” he mentioned.

    “India wishes a JPC to completely examine Modani, but it surely additionally wishes a fast SEBI investigation to unravel the very severe allegations,” Ramesh added, attacking the top minister.

    In an software moved earlier than the courtroom, the SEBI has submitted it could take six extra months to establish conceivable violations associated with misrepresentation of financials, circumvention of laws and/or fraudulent nature of transactions.

    NEW DELHI: The Congress on Monday mentioned granting a six-month extension to the Securities and Alternate Board of India (SEBI) to finish its probe into the alleged inventory worth manipulation by means of the Adani crew might create the belief the investigation isn’t being severely pursued however being “buried”.

    Marketplace Regulator SEBI has moved the Perfect Courtroom searching for an extension to finish its investigation.

    Congress Basic Secretary (in-charge, communications) Jairam Ramesh mentioned a Joint Parliamentary Committee (JPC) probe is had to totally examine the Adani factor, however a fast SEBI investigation may be required to unravel the “very severe allegations”.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    The highest courtroom had on March 2 requested the SEBI to probe the topic inside two months and in addition arrange a panel to appear into the safety of Indian traders after a damning record by means of a US short-seller burnt up greater than USD 140 billion of the conglomerate’s marketplace price.

    Tagging a media record at the SEBI’s plea, Ramesh mentioned, “SEBI has discovered many irregularities worthy of investigation within the Adani Mega Rip-off, and we urge it to pursue every result in its logical conclusion.”

    “However an extended six-month extension dangers the belief that the investigation isn’t being vigorously and severely pursued however is being buried, as came about with no less than two earlier SEBI investigations into the Adani Workforce,” he mentioned.

    “India wishes a JPC to completely examine Modani, but it surely additionally wishes a fast SEBI investigation to unravel the very severe allegations,” Ramesh added, attacking the top minister.

    In an software moved earlier than the courtroom, the SEBI has submitted it could take six extra months to establish conceivable violations associated with misrepresentation of financials, circumvention of laws and/or fraudulent nature of transactions.

  • Opposition MPs to march to ED workplace on Adani factor

    Through PTI

    NEW DELHI: Leaders of a number of opposition events on Wednesday will take out a protest march from Parliament Space to the Enforcement Directorate’s workplace right here and quit a grievance to the probe company at the Adani factor.

    The leaders met within the workplace of Chief of Opposition in Rajya Sabha Mallikarjun Kharge within the Parliament Space advanced to coordinate their joint technique at the factor.

    The protest march will start at 12:30 pm from Parliament Space and MPs from a number of opposition events will participate, celebration assets mentioned.

    The opposition has been challenging a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg factor and has been stalling court cases of Parliament over their call for.

    US short-seller Hindenburg Analysis had alleged that the Adani crew was once “engaged in a brazen inventory manipulation and accounting fraud”, and used offshore shell firms to inflate inventory costs.

    The gang had denied the allegations, calling them “malicious”, “baseless” and a “calculated assault on India The Trinamool Congress one by one staged a protest in entrance of the Gandhi statue within the Parliament advanced over the LPG value hike and demanded solutions from the federal government.

    TMC MPs raised slogans in opposition to the federal government over the LPG value hike and demanded that High Minister Narendra Modi must give them solutions.

    Stepping up their assault at the executive at the Adani factor, the Congress on Tuesday requested why it has taken the Directorate of Earnings Intelligence (DRI) “greater than 8 years” to finish its investigation into the imports of energy apparatus via the Adani Workforce and whether or not the contents of its file will probably be made public.

    Congress normal secretary Jairam Ramesh additionally requested why the DRI didn’t enchantment in opposition to the ruling of the Customs, Excise and Carrier Tax Appellate Tribunal that put aside a 2013 order enforcing a wonderful on Adani firms for round buying and selling of diamonds and claiming export subsidies.

    READ MORE:

    Vinod Adani working shell firms in ‘collusion’ with China: Congress

    OPINION | Hindenburg impact on long term of Adani shares: Section I

    OPINION | Hindenburg impact on long term of Adani Companies: Section II

    NEW DELHI: Leaders of a number of opposition events on Wednesday will take out a protest march from Parliament Space to the Enforcement Directorate’s workplace right here and quit a grievance to the probe company at the Adani factor.

    The leaders met within the workplace of Chief of Opposition in Rajya Sabha Mallikarjun Kharge within the Parliament Space advanced to coordinate their joint technique at the factor.

    The protest march will start at 12:30 pm from Parliament Space and MPs from a number of opposition events will participate, celebration assets mentioned.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    The opposition has been challenging a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg factor and has been stalling court cases of Parliament over their call for.

    US short-seller Hindenburg Analysis had alleged that the Adani crew was once “engaged in a brazen inventory manipulation and accounting fraud”, and used offshore shell firms to inflate inventory costs.

    The gang had denied the allegations, calling them “malicious”, “baseless” and a “calculated assault on India The Trinamool Congress one by one staged a protest in entrance of the Gandhi statue within the Parliament advanced over the LPG value hike and demanded solutions from the federal government.

    TMC MPs raised slogans in opposition to the federal government over the LPG value hike and demanded that High Minister Narendra Modi must give them solutions.

    Stepping up their assault at the executive at the Adani factor, the Congress on Tuesday requested why it has taken the Directorate of Earnings Intelligence (DRI) “greater than 8 years” to finish its investigation into the imports of energy apparatus via the Adani Workforce and whether or not the contents of its file will probably be made public.

    Congress normal secretary Jairam Ramesh additionally requested why the DRI didn’t enchantment in opposition to the ruling of the Customs, Excise and Carrier Tax Appellate Tribunal that put aside a 2013 order enforcing a wonderful on Adani firms for round buying and selling of diamonds and claiming export subsidies.

    READ MORE:

    Vinod Adani working shell firms in ‘collusion’ with China: Congress

    OPINION | Hindenburg impact on long term of Adani shares: Section I

    OPINION | Hindenburg impact on long term of Adani Companies: Section II

  • Opposition cohesion in disarray as events cling separate protests towards Centre

    Categorical Information Provider

    NEW DELHI: CRACKS within the Opposition ranks as soon as once more got here to the fore on Tuesday right through protests not easy a Joint Parliamentary Committee (JPC) probe at the Hindenburg document, which accused the Adani crew of fraud and inventory manipulation. 

    Quickly after the Lok Sabha used to be adjourned within the morning because of protests over Rahul Gandhi’s remarks, the Congress and several other different events, together with the DMK, CPM, JDU, RJD, NCP, SP and others staged a protest outdoor Parliament not easy a JPC probe. On the other hand, the department a few of the opposition used to be obvious because the BRS and AAP selected to face a bit clear of different events, conserving placards not easy a JPC investigation.

    Elevating the similar call for, the TMC selected to move on my own through conserving a protest on the Mahatma Gandhi statue within the Parliament advanced.  The disunity a few of the events used to be additionally obvious on the Opposition birthday party assembly known as through Congress leader Mallikarjun Kharge prior to now two days to fine-tune technique for the Parliament consultation. The AAP used to be provide, however TMC stayed away on each days. 

    ALSO READ | Parliament adjourned for 2nd day over Adani factor, Rahul’s commentary

    The AAP and the Congress are at loggerheads in numerous states. The stress between each events escalated after the arrest of AAP chief and Delhi deputy Leader Minister Manish Sisodia within the Delhi liquor rip-off case. Whilst the entire different Opposition events condemned the arrest, Congress welcomed it. The Congress used to be additionally lacking from the listing of signatories after 10 events wrote to the PM lambasting the misuse of businesses. 

    In a similar fashion, the BRS and TMC percentage rocky ties with the Congress for the reason that events imagine the grand outdated birthday party is making an attempt to play a large brother’s position. All through the new Meghalaya meeting election marketing campaign, Congress chief Rahul Gandhi known as the TMC the B crew of the BJP. 

    Parliament logjam

    Parliament lawsuits have been paralysed on Tuesday with the BJP searching for Rahul Gandhi’s apology and the Congress waving placards with quotes from PM Narendra Modi’s speeches right through his international journeys.

    NEW DELHI: CRACKS within the Opposition ranks as soon as once more got here to the fore on Tuesday right through protests not easy a Joint Parliamentary Committee (JPC) probe at the Hindenburg document, which accused the Adani crew of fraud and inventory manipulation. 

    Quickly after the Lok Sabha used to be adjourned within the morning because of protests over Rahul Gandhi’s remarks, the Congress and several other different events, together with the DMK, CPM, JDU, RJD, NCP, SP and others staged a protest outdoor Parliament not easy a JPC probe. On the other hand, the department a few of the opposition used to be obvious because the BRS and AAP selected to face a bit clear of different events, conserving placards not easy a JPC investigation.

    Elevating the similar call for, the TMC selected to move on my own through conserving a protest on the Mahatma Gandhi statue within the Parliament advanced.  The disunity a few of the events used to be additionally obvious on the Opposition birthday party assembly known as through Congress leader Mallikarjun Kharge prior to now two days to fine-tune technique for the Parliament consultation. The AAP used to be provide, however TMC stayed away on each days. googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    ALSO READ | Parliament adjourned for 2nd day over Adani factor, Rahul’s commentary

    The AAP and the Congress are at loggerheads in numerous states. The stress between each events escalated after the arrest of AAP chief and Delhi deputy Leader Minister Manish Sisodia within the Delhi liquor rip-off case. Whilst the entire different Opposition events condemned the arrest, Congress welcomed it. The Congress used to be additionally lacking from the listing of signatories after 10 events wrote to the PM lambasting the misuse of businesses. 

    In a similar fashion, the BRS and TMC percentage rocky ties with the Congress for the reason that events imagine the grand outdated birthday party is making an attempt to play a large brother’s position. All through the new Meghalaya meeting election marketing campaign, Congress chief Rahul Gandhi known as the TMC the B crew of the BJP. 

    Parliament logjam

    Parliament lawsuits have been paralysed on Tuesday with the BJP searching for Rahul Gandhi’s apology and the Congress waving placards with quotes from PM Narendra Modi’s speeches right through his international journeys.

  • Rahul’s remarks on PM Modi expunged, Congress says ‘democracy was once cremated in Lok Sabha’

    Via PTI

    NEW DELHI: The Congress on Wednesday strongly criticised the expunging of positive remarks made by means of Rahul Gandhi in Parliament concentrated on High Minister Narendra Modi, and alleged that “democracy was once cremated” in Lok Sabha.

    Gandhi had made those remarks whilst collaborating in a debate at the Movement of Thank you at the President’s Cope with in Lok Sabha on Tuesday.

    In a tweet, with out bringing up the expunging of his remarks, Gandhi mentioned, “Mr High Minister, you can’t wipe out the voice of democracy.”

    “Indian persons are asking you direct questions, you will have to answer,” Gandhi mentioned.

    Later, whilst heading into Parliament all over High Minister Narendra Modi’s remarks in Lok Sabha, Gandhi requested newshounds, “Why had been my phrases expunged?” Congress common secretary in-charge communications Jairam Ramesh mentioned, “With the expunging of Rahul Gandhi’s remarks on PM related Adani Maha Mega Rip-off, deMOcracy was once cremated within the Lok Sabha. OM Shanti.”

    In any other tweet, Ramesh mentioned, “18 remarks by means of Rahul Gandhi in LS expunged: 1. Each and every query requested of PM- deleted! 2. All references to dating between Adani & Modi earlier than 2014- deleted! 3. Misuse of companies & international trips- deleted!”

    “You’ll be able to expunge, however you’ll be able to’t exterminate! Jagadguru of Jhoot stands uncovered,” the Congress common secretary mentioned.

    He additionally tweeted the 3 pages of expunged remarks.

    18 remarks by means of @RahulGandhi in LS expunged:
    1.Each and every query requested of PM- deleted!
    2.All references to dating between Adani & Modi earlier than 2014- deleted!
    3.Misuse of companies & international trips- deleted!
    You’ll be able to expunge,however you’ll be able to’t exterminate!Jagadguru of Jhoot stands uncovered %.twitter.com/R5NblM951Z

    — Jairam Ramesh (@Jairam_Ramesh) February 8, 2023

    In his remarks in Lok Sabha, Gandhi had alleged that the meteoric upward push in Gautam Adani’s fortunes took place after the BJP got here to energy in 2014 and he rose from the 609th to the second one spot within the world wealthy listing.

    WATCH: Rahul tears into the BJP executive

    The Congress chief’s remarks had drawn a pointy reaction from the treasury benches, with Legislation Minister Kiren Rijiju asking him to not degree “wild allegations” and to furnish evidence of his claims.

    Out of doors Parliament, BJP chief Ravi Shankar Prasad had accused Gandhi of creating baseless, shameless and reckless allegations and charged that the Congress and the Gandhi circle of relatives had been keen on “large scams” that “tarnished” the picture of the rustic.

    ALSO READ | PM Modi responds to opposition’s grievance in Lok Sabha

    NEW DELHI: The Congress on Wednesday strongly criticised the expunging of positive remarks made by means of Rahul Gandhi in Parliament concentrated on High Minister Narendra Modi, and alleged that “democracy was once cremated” in Lok Sabha.

    Gandhi had made those remarks whilst collaborating in a debate at the Movement of Thank you at the President’s Cope with in Lok Sabha on Tuesday.

    In a tweet, with out bringing up the expunging of his remarks, Gandhi mentioned, “Mr High Minister, you can’t wipe out the voice of democracy.”

    “Indian persons are asking you direct questions, you will have to answer,” Gandhi mentioned.

    Later, whilst heading into Parliament all over High Minister Narendra Modi’s remarks in Lok Sabha, Gandhi requested newshounds, “Why had been my phrases expunged?” Congress common secretary in-charge communications Jairam Ramesh mentioned, “With the expunging of Rahul Gandhi’s remarks on PM related Adani Maha Mega Rip-off, deMOcracy was once cremated within the Lok Sabha. OM Shanti.”

    In any other tweet, Ramesh mentioned, “18 remarks by means of Rahul Gandhi in LS expunged: 1. Each and every query requested of PM- deleted! 2. All references to dating between Adani & Modi earlier than 2014- deleted! 3. Misuse of companies & international trips- deleted!”

    “You’ll be able to expunge, however you’ll be able to’t exterminate! Jagadguru of Jhoot stands uncovered,” the Congress common secretary mentioned.

    He additionally tweeted the 3 pages of expunged remarks.

    18 remarks by means of @RahulGandhi in LS expunged:
    1.Each and every query requested of PM- deleted!
    2.All references to dating between Adani & Modi earlier than 2014- deleted!
    3.Misuse of companies & international trips- deleted!
    You’ll be able to expunge,however you’ll be able to’t exterminate!Jagadguru of Jhoot stands uncovered %.twitter.com/R5NblM951Z
    — Jairam Ramesh (@Jairam_Ramesh) February 8, 2023
    In his remarks in Lok Sabha, Gandhi had alleged that the meteoric upward push in Gautam Adani’s fortunes took place after the BJP got here to energy in 2014 and he rose from the 609th to the second one spot within the world wealthy listing.

    WATCH: Rahul tears into the BJP executive

    The Congress chief’s remarks had drawn a pointy reaction from the treasury benches, with Legislation Minister Kiren Rijiju asking him to not degree “wild allegations” and to furnish evidence of his claims.

    Out of doors Parliament, BJP chief Ravi Shankar Prasad had accused Gandhi of creating baseless, shameless and reckless allegations and charged that the Congress and the Gandhi circle of relatives had been keen on “large scams” that “tarnished” the picture of the rustic.

    ALSO READ | PM Modi responds to opposition’s grievance in Lok Sabha

  • ‘It’s transparent PM Modi is protective Adani’: Rahul Gandhi

    By way of PTI

    NEW DELHI: Congress chief Rahul Gandhi on Wednesday alleged it was once transparent that High Minister Narendra Modi was once protective Gautam Adani as he didn’t order an inquiry into the allegations levelled in opposition to the industrialist via a US-based analysis company.

    He stated the top minister didn’t resolution the questions he had posed to him.

    “I’m really not happy, but it surely finds the reality. There was once no communicate of an inquiry. If he isn’t a chum, then he must have agreed to an inquiry. There was once no probe into shell corporations within the defence sector and benami cash is converting fingers, however the top minister didn’t say anything else on that.”

    “It’s transparent that the top minister is protective him,” Gandhi instructed journalists after the top minister’s respond to the movement of thank you at the President’s deal with.

    “He (PM) is definitely attempting to give protection to him (Adani) and I perceive this and there are causes for it,” he additionally stated.

    Gandhi stated this is a matter of nationwide safety and issues the rustic’s infrastructure and the top minister must have stated that there shall be a probe into the allegations.

    “This can be a very giant rip-off. He didn’t even say that. He (PM) is definitely attempting to give protection to him (Adani) and I perceive this and there are causes for it,” he stated.

    Requested if he were given the solutions to his questions, the previous Congress leader stated, “I didn’t get any answer from the top minister to my questions.”

    “The top minister was once shell-shocked. He was once in surprise and there was once no resolution. I’ve no longer requested any sophisticated questions. I most effective requested how again and again he (Adani) has long past with you. How again and again did he meet you. I posed easy questions however were given no solutions,” he stated.

    “I’m really not happy, but it surely finds the reality,” he stated when requested if he was once happy with the top minister’s answer.

    AICC normal secretary Jairam Ramesh described the top minister’s answer in Parliament as diversionary and stated there was once no longer even a phrase on his “hyperlinks” along with his favorite “businessmen.”

    “Divert. Defame. Denigrate. Deny. The 4 Ds in PM’s personal taste that describes his so-called answer in Parliament.

    “Now not a phrase – direct or oblique – at the top minister’s hyperlinks along with his favorite businessman, Adani, or his ghotalas,” Ramesh stated on Twitter after the top minister’s speech.

    Sharing footage of Samajwadi Birthday party MP Jaya Bachchan in Rajya Sabha and High Minister Modi in Lok Sabha, he tweeted, “At 5:15 pm nowadays. One among India’s most renowned actress at the proper talking in Rajya Sabha. India’s most renowned actor at the left talking within the Lok Sabha.”

    ALSO READ | All no longer misplaced for Adani buyers

    NEW DELHI: Congress chief Rahul Gandhi on Wednesday alleged it was once transparent that High Minister Narendra Modi was once protective Gautam Adani as he didn’t order an inquiry into the allegations levelled in opposition to the industrialist via a US-based analysis company.

    He stated the top minister didn’t resolution the questions he had posed to him.

    “I’m really not happy, but it surely finds the reality. There was once no communicate of an inquiry. If he isn’t a chum, then he must have agreed to an inquiry. There was once no probe into shell corporations within the defence sector and benami cash is converting fingers, however the top minister didn’t say anything else on that.”

    “It’s transparent that the top minister is protective him,” Gandhi instructed journalists after the top minister’s respond to the movement of thank you at the President’s deal with.

    “He (PM) is definitely attempting to give protection to him (Adani) and I perceive this and there are causes for it,” he additionally stated.

    Gandhi stated this is a matter of nationwide safety and issues the rustic’s infrastructure and the top minister must have stated that there shall be a probe into the allegations.

    “This can be a very giant rip-off. He didn’t even say that. He (PM) is definitely attempting to give protection to him (Adani) and I perceive this and there are causes for it,” he stated.

    Requested if he were given the solutions to his questions, the previous Congress leader stated, “I didn’t get any answer from the top minister to my questions.”

    “The top minister was once shell-shocked. He was once in surprise and there was once no resolution. I’ve no longer requested any sophisticated questions. I most effective requested how again and again he (Adani) has long past with you. How again and again did he meet you. I posed easy questions however were given no solutions,” he stated.

    “I’m really not happy, but it surely finds the reality,” he stated when requested if he was once happy with the top minister’s answer.

    AICC normal secretary Jairam Ramesh described the top minister’s answer in Parliament as diversionary and stated there was once no longer even a phrase on his “hyperlinks” along with his favorite “businessmen.”

    “Divert. Defame. Denigrate. Deny. The 4 Ds in PM’s personal taste that describes his so-called answer in Parliament.

    “Now not a phrase – direct or oblique – at the top minister’s hyperlinks along with his favorite businessman, Adani, or his ghotalas,” Ramesh stated on Twitter after the top minister’s speech.

    Sharing footage of Samajwadi Birthday party MP Jaya Bachchan in Rajya Sabha and High Minister Modi in Lok Sabha, he tweeted, “At 5:15 pm nowadays. One among India’s most renowned actress at the proper talking in Rajya Sabha. India’s most renowned actor at the left talking within the Lok Sabha.”

    ALSO READ | All no longer misplaced for Adani buyers