Hindenburg Report Against Adani: Opposition Demands JPC Or SC-Monitored Probe

New Delhi: Not unexpectedly, the Adani affair has reached Parliament.

Leaders of several Opposition parties on Thursday demanded a probe into the allegations raised by US short-seller firm Hindenburg Research against Adani Group of companies, saying that the issue is ‘endangering hard-earned money’ of crores of Indians.

A day after the Adani Board called off its fully-subscribed FPO issue of its flagship company Adani Enterprises, Congress and other parties sought a joint parliamentary committee (JPC) or Supreme Court-monitored investigation into the Adani Group crisis.

Congress president Mallikarjun Kharge said the Opposition has given the suspension of Business Notice in Parliament under rule 267 to discuss the matter of LIC, public sector banks and financial institutions’ investments in Adani Group companies which have been losing market value drastically since the Hiundenburg report was released last week.

“We wanted a discussion on that. Our notices get rejected. When we raise important issues, no time is given for discussion. Money of poor people is there in LIC, SBI and other national banks and it is being given to selected companies,” Kharge told mediapersons after a meeting among Opposition party leaders.

“Either a joint parliamentary committee or a team under the supervision of CJI of Supreme Court should investigate this,” he added.

Both houses of Parliament were adjourned till 2 pm as the Opposition demanded a debate on Hindenburg report.