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Congress Leader Jairam Ramesh Demands Strict Action Against Adani-Related Entities

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The Congress Wednesday said a “cover-up” is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices.

It asserted the “scam” requires serious punitive action, including arrests and raids by investigative agencies.

Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minister Narendra Modi and “his cronies”.

His remarks come amid reports that several entities connected to Adani Group have approached the Securities and Exchange Board of India (SEBI) seeking settlement in a case that alleges violations of public shareholding norms through unfair practices at four listed companies of the infrastructure conglomerate.

“A cover-up is in the making. Reports that opaque offshore entities and individuals linked to the Adani Group — whose activities have been exposed by successive reports in the public domain — have offered to settle serious allegations of violations of securities laws for token amounts is a clear indicator of this,” Ramesh said in a statement.

These reportedly involve investments in four companies, Adani Enterprises, Adani Power, Adani Energy Solutions and Adani Ports and SEZ, he said.

“While any settlement would be proof of guilt, which vindicates our ‘Hum Adani Ke Hain Kaun’ campaign, it also appears to be heading towards a light slap on the wrist under the direct patronage of the PM,” the Congress general secretary said.

“The Adani Mega Scam requires serious punitive action, including arrests and raids by investigative agencies which has been the norm with all those who are not close friends and financiers of the prime minister. We urge SEBI to take the strictest action against these entities,” Ramesh said.

He further said that another reason for concern is the conflicts of interest of SEBI chairperson Madhabi Puri Buch who invested in the opaque offshore funds that have been accused of facilitating the violations of these very laws via benami investments.

“Far from resigning or being removed, she is now in a position to make a settlement with those whom she has been protecting all along,” Ramesh said.

“The violations are not simply of public shareholding norms; there is plenty of evidence that the money used to pump up Adani Group share prices was laundered by over-invoicing of thousands of crores of coal and power-equipment imports,” he alleged.

Adani-linked middlemen Chang Chung-Ling and Nasser Ali Shaban Ahli built up benami stakes of 8-14 per cent in these firms using shell companies in locations such as Mauritius, the UAE and the British Virgin Islands, he claimed.

The Congress has stepped up its attack on the Adani Group and the government after Gautam Adani, the founder chairman of the ports-to-energy conglomerate, his nephew Sagar and another key executive were charged by the US Department of Justice of being part of an alleged scheme to pay USD 265 million bribes to the Indian officials to win contracts for the supply of solar electricity that would yield USD 2 billion profit over a 20-year period.

The Adani Group has denied all allegations as baseless.

The Congress has been demanding a joint parliamentary committee probe into the Adani issue over allegations in India and abroad.

The opposition party has said that Adani’s indictment in a US court on bribery and fraud charges “vindicates” its demand for a JPC investigation into the various “scams” involving the billionaire industrialist’s conglomerate. Gandhi has sought Adani’s immediate arrest.

Business

Union Cabinet approves Pune Metro Rail Project Phase 2 with Rs 9,857 crore outlay

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New Delhi, Nov 26: In a major boost for the public transport network in Pune, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Line 4 (Kharadi–Hadapsar–Swargate–Khadakwasla) and Line 4A (Nal Stop–Warje–Manik Baug) with Rs 9,857.85 crore outlay under Phase 2 of the Pune Metro Rail Project.

According to the Cabinet, this is the second major project approved under Phase-2, following the sanction of Line 2A (Vanaz–Chandani Chowk) and Line 2B (Ramwadi–Wagholi/Vitthalwadi). With this latest approval, Pune Metro’s network will expand beyond the 100-km milestone, a significant step in the city’s journey towards a modern, integrated, and sustainable urban transit system.

Spanning 31.636 km with 28 elevated stations, Line 4 and 4A will connect IT hubs, commercial zones, educational institutions, and residential clusters across East, South, and West Pune.

The project will be completed within five years at an estimated cost of Rs 9,857.85 crore, to be jointly funded by the Centre, the Maharashtra government, and external bilateral/multilateral funding agencies.

These lines are a vital part of Pune’s Comprehensive Mobility Plan (CMP) and will seamlessly integrate with operational and sanctioned corridors at Kharadi Bypass and Nal Stop (Line 2), and Swargate (Line 1).

“They will also provide an interchange at Hadapsar Railway Station and connect with future corridors towards Loni Kalbhor and Saswad Road, ensuring smooth multimodal connectivity across metro, rail, and bus networks,” a Cabinet communique said.

The project will be implemented by the Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will carry out all civil, electrical, mechanical, and systems works.

Pre-construction activities such as topographical surveys and detailed design consultancy are already underway, according to the Cabinet.

According to projections, the daily ridership on Line 4 and 4A combined is expected to be 4.09 lakh in 2028, rising to nearly 7 lakh in 2038, 9.63 lakh in 2048, and over 11.7 lakh in 2058.

Of this, the Kharadi–Khadakwasla corridor will account for 3.23 lakh passengers in 2028, growing to 9.33 lakh by 2058, while the Nal Stop–Warje–Manik Baug spur line will rise from 85,555 to 2.41 lakh passengers over the same period.

These projections highlight the significant growth in ridership expected on Line 4 and 4A over the coming decades.

With Line 4 and 4A, Pune will not just get more metro tracks but will also gain a faster, greener, and more connected future. These corridors are designed to give back hours of commuting time, reduce traffic chaos, and provide citizens with a safe, reliable, and affordable alternative.

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Crime

Red Fort blast: Accused Soyab sent to 10-day NIA custody

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New Delhi, Nov 26: The National Investigation Agency (NIA) was granted a 10-day custody of Soyab, the accused in the Delhi terror blast case, who was arrested in Faridabad earlier on Wednesday.

Soyab was presented before the Patiala House Court, which approved his transfer to NIA custody for 10 days.

Additionally, another key accused, Aamir Rashid Ali, had his NIA custody expiring on the same day. He was also presented before the court, which extended his custody by an additional seven days.

The NIA, earlier in the day, arrested Soyab, a resident of Faridabad’s Dhoj, for harbouring terrorist Dr Umar Muhammad, also known as Umar Un Nabi, immediately before the Delhi terror bomb blast.

Soyab is the seventh person to be arrested in connection with the case.

According to the NIA, he not only harboured Umar before the attack but also provided logistical support crucial to the execution of the November 10 car bombing near the Red Fort that killed several people and left many others injured.

Before this arrest, the NIA had taken six of Umar’s close aides into custody as part of ongoing investigations under case number RC-21/2025/NIA/DLI.

The NIA stated that it is actively pursuing multiple leads related to the suicide bombing and has been conducting coordinated searches across several states with the assistance of local police forces. The agency said its objective is to identify and apprehend all members linked to the larger terror network responsible for the attack.

Meanwhile, ongoing investigations have revealed chilling details about terrorist Umar’s methods and preparations.

According to interrogation inputs from arrested members of the terror module, Umar maintained what investigators describe as a “mobile workstation” — a large suitcase containing bomb-making tools, chemical compounds and containers. He carried it with him wherever he went.

Umar, a medical professional associated with Al-Falah University in Faridabad, reportedly conducted chemical tests in his room on campus before creating the final Improvised Explosive Device (IED).

One of the arrested suspects, Dr Muzamil Shakeel, also affiliated with the same university, confirmed to interrogators that Umar experimented with substances that were later used in the blast.

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Business

Assam saw major drop in child marriage cases under BJP govt: CM Sarma

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Guwahati, Nov 26: Assam Chief Minister Himanta Biswa Sarma on Wednesday underscored a “major turnaround” in the state’s battle against child marriage, saying a combination of stringent enforcement and systemic reforms has led to significant declines in the underage marriages and boosted legal accountability.

CM Sarma claimed that according to NFHS‑4 (2015-16) data, 31.8 per cent of women in Assam aged 20–24 were married before turning 18 – a rate that exceeded the national average.

Moreover, district-level fact sheets had recorded alarming prevalence in districts such as Dhubri, South Salmara, Barpeta and Nagaon, as high as 40–55 per cent.

However, the state now claims a decisive shift. Between 2023 and 2024 alone, more than 8,600 arrests were made in coordinated crackdowns under both the Protection of Children from Sexual Offences Act (POCSO) and the Prohibition of Child Marriage Act (PCMA).

According to the Chief Minister, in 2022 the number of cases registered stood at 224, sharply up from just 149 in 2021, indicating a steep rise in enforcement.

CM Sarma said, “Beyond arrests, Assam has formed district-level task forces, headed by superintendents of police, to track and intercept impending child marriages. Community-level workers – including ASHAs, Anganwadi staff and schoolteachers – are now required to report suspected cases in real time.”

“Several districts have also reportedly established digital databases and child-protection tracking mechanisms,” he added.

The CM claimed that these measures have borne fruit: In hotspot districts, the incidence of child marriage fell by 8–17 per cent within a year, and more than 3,000 planned child marriages were prevented in 2023–24 alone.

Notably, the Assam government’s recent actions – from sustained crackdowns to setting up institutional safeguards – reflect a far more aggressive stance on child marriage than seen in earlier years, when the practice was largely treated as a social issue rather than a crime.

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