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Hindenburg Row: TMC MP Mahua Moitra alleges Adani’s involvement in SEBI committee

Where till some time ago Adani was at number 3 in the list of the world’s richest, now he is not even in the top 20.

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TMC MP Mahua Moitra and Gautam Adani

After America’s Hindenburg Research Agency accused well-known industrialist Gautam Adani of stock manipulation and accounting irregularities, politics has also intensified on this matter. And now Trinamool Congress (TMC) leader Mahua Moitra has made serious allegations against the Adani family.

She said that there is a nexus between the Adani family and SEBI officials, so everything was done arbitrarily. She further added that Adani’s relatives also work in SEBI’s committee, due to which such rigging was carried out.

Adani’s associates also included in SEBI committee, says Mahua

Mahua Moitra said that famous lawyer Cyril Shroff, a friend of Adani, works in SEBI’s committee. She further added that Cyril Shroff’s daughter is married to industrialist Gautam Adani’s son. TMC MP Mahua tweeted that biggest respect for veteran lawyer Cyril Shroff but his daughter is married to Gautam Adani’s son. Shroff serves on SEBI’s Committee on Corporate Governance and Insider Trading. If SEBI India is probing the Adani case, Shroff should recuse himself from it and sometimes perceptions are reality.

Read Also: Adani-Hindenburg row: PIL in Supreme Court seeks action against US short-seller for defrauding investors

Also after Dow Jones Sustainability Indices announced delisting of Adani Enterprises shares with effect from 7 February 2023, the TMC MP questioned that why the NSE is not re-evaluating the index membership of Adani shares?

She wrote on Twitter that S&P Dow Jones removed Adani Enterprises from the Dow Jones Indices due to allegations of stock manipulation and accounting fraud. Why is NSE India not re-evaluating the index membership of Adani stocks while international ones are?

Hindenburg Row

For the unversed, on January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions. It claimed that the group has been involved in stock manipulation and account fraud for decades. It further stated that Adani Group founder Gautam Adani’s wealth has increased by $1 billion to $120 billion in three years due to rising share prices. During this period, the shares of 7 companies of the group have increased by an average of 819 percent.

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AAP says Adani group tried to enter Delhi’s power sector but Kejriwal stopped them

“We will not keep quiet and will raise this matter with full force in the upcoming session of Parliament,” the senior AAP leader added.

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The Aam Aadmi Party said on Thursday that the Adani group tried to enter Delhi’s power sector but was stopped by then Chief Minister Arvind Kejriwal, stressing the need for accountability after industrialist Gautam Adani was charged in the US for alleged bribery and fraud.

Addressing a press conference, AAP Rajya Sabha MP Sanjay Singh claimed that Adani Green Energy secured power supply contracts in several states, including Gujarat, Madhya Pradesh, Andhra Pradesh and Rajasthan, through unethical means.

“Adani even attempted to enter Delhi’s electricity market but failed because then chief minister Arvind Kejriwal stopped them,” Singh said, adding if the BJP gains power in Delhi, electricity costs could surge.

“We will not keep quiet and will raise this matter with full force in the upcoming session of Parliament,” the senior AAP leader added.

Hitting out at Prime Minister Narendra Modi, Singh alleged that Adani gave bribes of more than Rs 2100 crores to government officials. Modi’s friend Gautam Adani has distorted the image of India in the whole world, he added.

“Wherever PM Modi goes, he looks for the benefit of his friend Adani and not India. The case that has come up against Adani in America is very surprising. Modi ji exerted pressure to get the electricity contract for his friend,” he said.

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PM Modi lauds hockey team for winning Women’s Asian Champions Trophy

Calling the victory a phenomenal accomplishment, PM Modi said their success will motivate many upcoming athletes.

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Prime Minister Narendra Modi on Thursday lauded the Indian hockey team for winning the Women’s Asian Champions Trophy.

Calling the victory a phenomenal accomplishment, PM Modi said their success will motivate many upcoming athletes.

“Congratulations to our hockey team on winning the Women’s Asian Champions Trophy. They played exceptionally well through the tournament. Their success will motivate many upcoming athletes,” PM Modi said in a post on X.

With this victory, India now shares the title of the most decorated team in the tournament’s history, matching South Korea with three titles each.

Deepika scored the only goal of the match as India defeated China 1-0 in the Asian Champions Trophy hockey final, securing their record-equalling third title. Although Deepika missed a penalty stroke earlier, she found the back of the net just minutes into the third quarter, giving India a 1-0 lead that they held onto despite a late push from China in the final quarter.

In contrast to previous matches, India started cautiously, fully aware of China’s aggressive approach and their tendency to create early chances. The initial minutes saw India on the back foot as they withstood a strong Chinese attack before gradually regaining composure and improving their ball control.

Later in the match, China earned a penalty corner, but Lalremsiami, named player of the match, swiftly intervened, allowing Bichhu Devi to stretch out and clear the rebound.

India’s persistent efforts resulted in four quick penalty corners within the 20th minute, yet their struggles with penalty corner execution continued, marked by off-target shots, ineffective variations, and solid saves from the Chinese goalkeeper. China was awarded another penalty corner three minutes later, but they could not convert either.

However, India began to find their rhythm, and just moments after the third quarter started, they earned their fifth penalty corner. Despite a messy injection, the ball remained in play; it was skillfully dragged in, allowing Deepika to execute a precise reverse hit that left the Chinese defense and goalkeeper helpless.

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BJP hits back at Rahul Gandhi, says opposition states named in Adani bribery charges

BJP spokesperson Sambit Patra slammed Rahul Gandhi for attempting to tarnish the Prime Minister’s image.

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BJP hits back at Rahul Gandhi, says opposition states named in Adani bribery charges

After Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi, the BJP said the states that allegedly received bribes from the Adani Group for solar power deals, as mentioned in the US indictment, were ruled by the Opposition. 

While addressing a press conference on Thursday, BJP spokesperson Sambit Patra slammed Leader of Opposition in Lok Sabha, Rahul Gandhi for attempting to tarnish the Prime Minister’s image. The Congress MP alleged that Narendra Modi was hand in glove with Gautam Adani in corrupt activities.

Sambit Patra underlined that none of the four states mentioned in US charges against Adani Group had a BJP CM. He added that Congress and its allies were in power in Chhattisgarh and Tamil Nadu.

The US prosecutors recently said the Adani Group paid $265 million in bribes to Indian government officials to secure contracts with state electricity distribution companies between 2021-2023. However, the Adani Group has called the allegations baseless.

The states named in the US indictment are Odisha (then ruled by Naveen Patnaik’s BJD), Tamil Nadu (under DMK), Chhattisgarh (under Congress), and Jammu and Kashmir (under Central rule). Andhra Pradesh was then helmed by Jagan Reddy’s YSR Congress.

Criticizing Rahul Gandhi, Sambit Patra said that it was the Leader of the Opposition’s usual tactic to attack India and structures that defend the country.

The Puri MP further added that Rahul Gandhi had raked up the Rafale issue in 2019 in a similar fashion, mentioning that the Congress leader had claimed that a big revelation would be made. During the Covid pandemic, Rahul Gandhi used to do press conferences in a similar fashion over vaccines, Sambit Patra continued. 

Speaking on Rahul Gandhi’s claim that the Congress was doing the work of the judiciary, the BJP spokesperson stressed that both the Congress MP and Sonia Gandhi were out on bail in the National Herald case.

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