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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.

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Rajasthan: 5 Killed, 2 Injured In Collision Between Canter & Tata Safari Car On Churu-Hanumangarh Mega Highway; Visuals Surface

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Jaipur: Five persons have been killed in the collision between a Canter and Tata Safari car on Churu-Hanumangarh Mega Highway on Wednesday. Two, including the canter driver, are seriously injured and have been referred to Bikaner. 

The accident occurred at around 2.30 am in Sardarshahr of Churu district.  Police officer Arvind Kumar said that all traveling in the Tata Safari car were going to Hanumangarh.

Near Bukansar Fanta on Hanumangarh Road Mega Highway, the car had a head-on collision with a canter coming from Hanumangarh. The car was badly damaged that it took two hours to rescue the dead bodies trapped in the car. 

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West Bengal CM Mamata Banerjee Orders Major Reshuffle In State Police Department

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West Bengal Criminal Investigation Department (CID) Chief was transferred on Wednesday following Chief Minister Mamata Banerjee’s recent announcement of a major reshuffle in the Police Department.

An official said that the Additional Director General (I) of the CID R Rajasekaran was transferred and posted as Additional Director General (Training). However, Rajasekaran’s successor is yet to be announced.

The incumbent Additional Director General (Training) Damayanti Sen has been transferred and appointed Additional Director General (Policy Making). The incumbent Additional Director General (Policy Making) R. Sivakumar has been transferred and appointed Additional Director General of the Enforcement Branch (EB).

Similarly, the incumbent Additional Director General (EB) Rajeev Mishra has been transferred and posted as Additional Director General (Organisation and Modernisation). On November 21, the Chief Minister told media persons that there would be a massive reshuffle in the CID and ACB departments in order to strengthen the drive against corruption in the state.

She also admitted that corruption prevails among a section in the lower level of the state police who are giving a bad name to the state. “The political leaders are always criticised for involvement in corruption. If any politician does any corrupt act involving just Rs 5, it is projected as Rs 550. However, politicians think ten times before cheating people and getting involved in corruption. Some lower-level officers and staff in the police forces get involved in corruption which gives a bad name to the state,” said the Chief Minister.

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Sambhal Violence: Rahul Gandhi, Priyanka Gandhi Stopped At Ghazipur Border By UP Police During Visit To Riot-Hit Area

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Rahul Gandhi stopped at Ghazipur border on way to Sambhal Ghaziabad With prohibitory orders in place in Sambhal, Leader of Opposition Rahul Gandhi was stopped at the Ghazipur border here on Wednesday on his way to the district, a senior police officer said.

Rahul Gandhi, his sister Priyanka Gandhi Vadra and other senior Congress leaders reached the Ghazipur border in the morning where heavy police force was deployed and barricades put up to stop them from entering Sambhal.

Curbs under Section 163 (power to issue an order in urgent cases of nuisance or apprehended danger) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), which were set to expire on Sunday, have now been extended till December 31 in Sambhal.

Sambhal District Magistrate Rajendra Pensia on Tuesday wrote a letter to the police commissioners of Gautam Buddh Nagar and Ghaziabad and the superintendents of police of Amroha and Bulandshahr districts, urging them to stop Rahul Gandhi at the borders of their districts.

“We will not permit Rahul Gandhi to Sambhal as prohibitory orders have been issued by the administration there. Police will stop Gandhi at UP gate,”

He said ample police force has been deployed at the spot, he said.

Tension had been brewing in Sambhal since November 19, when a Mughal-era mosque was surveyed on court orders following claims that a Harihar temple previously stood at the site.

Violence erupted during a second survey on November 24 as protesters gathered near Shahi Jama Masjid and clashed with security personnel. Four people were killed in the violence and many more were injured.

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