The Adani Group claims there have been no charges of bribery against them. Due to calls for talks on the bribery accusations against the Adani Group, the session of both houses of Parliament was adjourned for the full day on Wednesday. Along with the bribery scandal, the Lok Sabha and Rajya Sabha both heard motions on a number of other topics, including the violence in Sambhal and the Manipur problem. But since none of these resolutions were approved, the opposition blocked the process. Consequently, both houses’ sessions were postponed for the day. Both houses of Parliament experienced disruptions to their regular operations during the first three days of the winter session.
The Adani Group claims…. Although opposition leaders have previously brought up the Adani issue in Parliament, they were not permitted to do so in either chamber. Permission to discuss the Hindenburg report was denied. It was not even possible to call Madhabi Puri Buch, the head of SEBI, the Indian stock market regulator, to the parliamentary committee. Additionally, the term “Adani” was eliminated from both houses of Parliament’s proceedings.
No opposition motion has been approved for debate in Parliament in the past ten years. Permission to debate that matter was denied even after the India-China conflict in Galwan, Eastern Ladakh. As a result, the opposition was aware that the government would not consent to a hearing in U.S. courts about the bribery claims made against Gautam Adani, the chairman of the Adani Group, and his associates. The opposition nevertheless made the decision to stick to its demands. Consequently, both houses of Parliament continued to function in a highly dysfunctional manner. The Adani Group claims…
The intimate relationship between Prime Minister Narendra Modi and Gautam Adani has long been criticized by the Congress, and recent acts by U.S. courts have only served to heighten this criticism. Due to allegations of information concealment and unlawful asset purchases from the market, the court has issued arrest warrants for Gautam Adani and his nephew Sagar Adani.
Two contracts with Adani have been terminated by the Kenyan government in response to the U.S. legal action. Sri Lanka and Bangladesh have made the decision to look into Adani’s labor contracts. Total Energy, a French corporation, has said that it will not give the Adani Group any financial support until the case’s legal proceedings are over.
Several Adani Group companies have had their ratings lowered from “stable” to “negative” by international rating agencies Moody’s and Fitch. They will therefore find it more challenging to obtain market-based financial borrowing. Adani’s actions, according to opposition parties, have harmed India’s reputation internationally.
Congress had already threatened to hold rallies both inside and outside Parliament if no opportunity for discussion was provided. In Parliament, the opposition wants the government to address the Adani issue, but the government continues to say nothing. The Adani Group claims…
The BJP has supported Adani while the government has remained silent. They contend that foreign powers are conspiring against India’s economic development. On behalf of the Adani Group, renowned attorney and former Attorney General of India Mukul Rohatgi has entered the debate. He said at a press conference today that Gautam Adani and Sagar Adani have not been accused of bribing or interfering with the proceedings of U.S. courts. The Adani Group claims….
Mukul claimed in a statement on behalf of the Adani Group that they had not been accused of bribery. He called reports that appeared in several media outlets “misleading.”
The Adani Group has declared that they would take this issue to court.
The Adani Group claims….
