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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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Farmers Delhi Chalo march suspended after tear gas injuries

Farmers have been camping at the Shambhu and Khanauri border points between Punjab and Haryana since February 13, after security forces halted their march to Delhi.

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Farmers Delhi Chalo march suspended after tear gas injuries

The protesting farmer unions, Kisan Mazdoor Morcha (KMM) and Samyukt Kisan Morcha (non-political) (SKM-NP) decided to recall the group of 101 farmers who had been marching towards Delhi. This move followed after several farmers including leaders were injured by tear gas shelling from the Haryana Police. 

A group of 101 farmers began their march to Delhi at the Sambhu border, only to be halted a few metres away by a line of barricades. The Haryana police intervened, mentioning a prohibitory order under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), asking the farmers not to proceed further.

Farmers leader Sarwan Singh Pandher told a news agency that they have called back the jatha for today in view of the injuries suffered by a few farmers. Reportedly, farmers are marching to demand a legal guarantee for the minimum support price of crops.

Furthermore, the Ambala district administration has imposed a ban on any unlawful assembly of five or more persons. A group of farmers, holding union flags, pushed down the iron mesh set up by security personnel on the bridge over the Ghaggar River.

Also, mobile internet and bulk SMS services were suspended in 11 villages of Ambala district by the Haryana government on Friday, effective until December 9. The ban reportedly covers Dangdehri, Lohgarh, Manakpur, Dadiyana, Bari Ghel, Lhars, Kalu Majra, Devi Nagar, Saddopur, Sultanpur, and Kakru villages.

Farmers have been camping at the Shambhu and Khanauri border points between Punjab and Haryana since February 13, after security forces halted their march to Delhi. The group began its march at 1 pm, but after covering a few metres, they were stopped by a multi-layered barricade erected by the Haryana government.

The group while chanting Satnam Waheguru and carrying farmers’ union flags and essential items, the jatha crossed the first layer of barricades with ease but could not proceed further. Reports said that a few farmers pushed aside the iron mesh and barbed wire, while others uprooted iron nails from National Highway-44. Water cannon vehicles have also been deployed at the Shambhu border point.

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Farmers Protest: Agriculture Minister Shivraj Singh Chouhan assures MSP for all farm produce

His statement also came on a day when farmers started a foot march to Delhi with a charter of demands, including legal backing for MSP.

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Farmers Protest: Agriculture Minister Shivraj Singh Chouhan assures MSP for all farm produce

Union Agriculture Minister Shivraj Singh Chouhan today told the Rajya Sabha that the Narendra Modi government would purchase all farm produce at the minimum support price. The Union Minister gave the assurances during Question Hour while responding to supplementary questions on the issue.

His statement also came on a day when farmers started a foot march to Delhi with a charter of demands, including legal backing for MSP. Shivraj Singh Chouhan told in the Rajya Sabha that he wants to assure the House that all produce of farmers will be purchased at minimum support price. He added that this is a Modi government and the guarantee to fulfil Modi guarantee.

Criticizing the Opposition members, the Union Minister said that when the other side were in power, they had said on record that they cannot accept the MS Swaminathan Commission recommendations, especially on giving 50 percent more than the cost of produce. Mentioning that he has the record, he cited former minister of state for agriculture Kantilal Bhuria, ex-agriculture ministers Sharad Pawar and K V Thomas to back his claim.

Following his remarks, Chairman Jagdeep Dhankhar asked him to place on record the documents to substantiate his claim, which Shivraj Singh Chouhan agreed to.

The Union Minister claimed that the Opposition had never honoured the farmers and never gave a serious consideration to farmers’ demands for remunerative prices. He said that he wants to assure the house that since 2019 Prime Minister Narendra Modi has decided to calculate the minimum support price by giving 50 per cent profit on cost of production to farmers.

He further mentioned that the Modi government has been providing remunerative prices to farmers, adding that paddy, wheat, jowar, and soyabean have been purchased at 50 percent above the cost of production for the past three years. He also referred to interventions such as adjustments in export duties and prices whenever commodity rates decline.

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Rajya Sabha chairman Jagdeep Dhankhar says cash found from Congress MP Abhishek Singhvi’s seat, orders probe

The Congress MP denied the charges. He said that he just carries a Rs 500 note when he goes to the Rajya Sabha.

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Rajya Sabha chairman Jagdeep Dhankhar says cash found from Congress MP Abhishek Singhvi’s seat, orders probe

Rajya Sabha chairperson Jagdeep Dhankhar on Friday said cash was recovered by Parliament security officials from the seat allotted to Congress MP Abhishek Manu Singhvi. The claim by the Rajya Sabha chairperson on the floor of the House led to protests by Congress MPs, with Mallikarjun Kharge stressing that names should not be taken before an investigation.

However, the Congress MP denied the charges. He said that he just carries a Rs 500 note when he goes to the Rajya Sabha. He added that he reached the House at 12:57 pm and the House rose at 1 pm. He continued that later he sat in the canteen till 1:30 pm with Ayodhya MP Awadhesh Prasad and left Parliament.

Nonetheless, the Congress MP and the Senior Advocate welcomed the probe into the incident. He mentioned that each of them must have a seat where the seat itself can be locked, and the key can be carried home by the MP, as everybody can then do things on the seat and make such allegations.

Jagdeep Dhankhar while addressing the Rajya Sabha said that the wad of notes was recovered during routine checks by security officials. He asserted that during a routine check yesterday after adjournment of the House, a wad of currency notes was recovered by security officials from seat no 222 currently allotted to Abhishek Manu Singhvi. An investigation will also take place in accordance with law.

Reacting to the remarks, Senior Congress leader Mallikarjun Kharge said that the Rajya Sabha chairperson said the matter is under investigation. Until it is authenticated, his name should not be mentioned, the Leader of the Opposition in Rajya Sabha noted.

However, Union Minister Kiren Rijiju, said there was nothing wrong in pointing out the seat number and the name of the MP, and demanded proper investigation. BJP chief and Union Health Minister JP Nadda also echoed the same demand, adding that this is an attack on the dignity of the House.

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