Adani Group

Asianet News Network narrates the scene inside Parliament on the day Trinamool Congress MP Mahua Moitra was expelled from the Lok Sabha based on the recommendation of theethics committee's report

Adani Group swiftly refuted the claims, asserting no direct or indirect participation in the collapsed tunnel's construction, managed by the Navayuga Engineering Company Limited

Dubey highlighted the significance of maintaining confidentiality within Parliament sessions, citing the adverse impact on the economy and security when MPs receive information before sessions.

Congress leader Rahul Gandhi raises serious questions about Adani Group's financial dealings, urging greater transparency and accountability in economic affairs, just as the opposition alliance meeting convenes in Mumbai.

The group clarified that these allegations are based on cases from a decade ago when the Directorate of Revenue Intelligence (DRI) had probed accusations related to over invoicing, overseas fund transfers, related party transactions, and investments through Foreign Portfolio Investors (FPIs).

An investigation by the Organised Crime and Corruption Reporting Project (OCCRP) has allegedly uncovered financial irregularities tied to the Adani Group. The OCCRP claims that millions of dollars were invested in Adani stocks via opaque Mauritius funds, obscuring the role of purported business partners.

Adani used the platform to defend the company's integrity and counter the allegations put forth by Hindenburg Research. His remarks emphasized the significance of the situation and the impact it had on the company's plans and operations.

Congress General Secretary Jairam Ramesh criticized the decision of the Maharashtra government's decision to collaborate with the Adani group for the Dharavi Redevelopment Project. He stated that it exemplifies how Prime Minister Modi has diminished state governments to mere ATM machines for his associates.

A Supreme Court-appointed expert panel said it found no evidence to indicate regulatory mechanisms' failure after the sharp rise of Adani Group stocks, and that the market is not 'unduly volatile'.

Last week, the apex court said that it may grant a three-month extension to probe into the allegations of stock price manipulation by the Adani Group and lapses in regulations. The Sebi had asked the court for a six-month extension.