Adani Row Stalls Parliament; Opposition Demands Probe

New Delhi: Storm of Adani issue created a ruckus in the parliament on Thursday. Both houses of Parliament were adjourned till 2 pm amid a ruckus by the Opposition. Leaders of the opposition demanded a debate on the Hindenburg report.

Later leaders of several opposition parties in a press conference demanded an investigation into the allegations raised against the Adani Group by US short-seller firm Hindenburg. They alleged that the issue is “endangering the hard-earned money of crores of Indians”.

Congress and some other opposition parties demanded a joint parliamentary committee or SC-monitored probe 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 issue of investment by LIC, Public Sector Banks and financial institutions in Adani Group companies losing market value. “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 said.

The Reserve Bank of India has also sought details from local banks about their exposure to the Adani Group, following a $100 billion wipeout in the cumulative market valuation of the conglomerate since last week.