Senior Opposition leader and Nationalist Congress Party (NCP) has come out in support of the embattled Adani Group, saying that the damning report published by US-based short seller Hindenburg Research against the conglomerate \u201cseems targeted.\u201d<\/p>\n\n\n\n
In an interview, Pawar said that the Adani issue was blown out of proportion in the Parliament which led to a complete washout of the second leg of the Budget Session as hardly any business was conducted.<\/p>\n\n\n\n
The senior leader said that whenever such an issue is given too much importance, the cost is borne by the country\u2019s economy and as such it seems the report against the Adani Group was \u201ctargeted\u201d, adding that it seems that a single individual business group of a country was targeted to further an agenda.<\/p>\n\n\n\n
In complete contrast to his other Opposition allies, including the Congress, who have been adamantly demanding a Joint Parliamentary Committee (JPC) probe into the Adani issue, the veteran politician in an interview with NDTV said that he does not agree with other allies on this matter.<\/p>\n\n\n\n
Pawar said the Supreme Court had already ordered a probe into the Hindenburg report by setting up a committee consisting of a retired apex court judge, an economist, an administrator and an expert\u2014who have been directed to conduct an inquiry within a specified time frame.<\/p>\n\n\n\n
He added that the JPC probe had no significance anymore since the Supreme Court has ordered an inquiry and cannot be swayed unlike a JPC which would consist majorly of ruling party members, and as the probe is being asked against the ruling party itself, a parliamentary probe has a lesser chance of finding the truth.<\/p>\n\n\n\n
On being asked what the intent of Congress was behind constantly pushing for a JPC probe, Pawar said he wasn\u2019t certain about his ally\u2019s intent but perhaps they wanted the issue to stay in the media limelight as a JPC probe\u2019s proceedings would be reported daily unlike the Supreme Court committee\u2019s inquiry.<\/p>\n\n\n\n
Pawar claimed that perhaps someone wants to bury the truth by making issue fester for months.<\/p>\n\n\n\n
The NCP supremo also voiced his disagreement with Congress leader Rahul Gandhi\u2019s “Adani-Ambani” way of targeting large business conglomerates, saying that it was \u201cmeaningless\u201d and reminded him of the \u201cTata-Birla\u201d narrative of the past.<\/p>\n\n\n\n
Opposition led by the Congress have been demanding a Joint Parliamentary Committee (JPC) probe into the damning Hindenburg report that led to rout in shares of Adani Group since its release in January this year.<\/p>\n\n\n\n
Adani Group endured over $120 billion in market losses- nearly half of the conglomerate\u2019s estimated value\u2014since the damning report released by US short-seller Hindenburg Research.<\/p>\n\n\n\n
In its critical report, Hindenburg Research accused the Adani Group of indulging in improper use of offshore tax havens and stock manipulation while also raising concerns about high debt and the valuations of seven listed Adani companies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senior Opposition leader and Nationalist Congress Party (NCP) has come out in support of the embattled Adani Group, saying that the damning report published by US-based short seller Hindenburg Research against the conglomerate \u201cseems targeted.\u201d In an interview, Pawar said that the Adani issue was blown out of proportion in the Parliament which led to […]<\/p>\n","protected":false},"author":4,"featured_media":463460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"Hindenburg report seems targeted: Sharad Pawar backs embattled Adani Group","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4,125714],"tags":[152661,152993,5455,157367],"yst_prominent_words":[7481,54521,54515,54512,71421,13227,54514,13384,4402],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2023\/04\/08111351\/sharad-pawar-adani.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/463445"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=463445"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/463445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/463460"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=463445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=463445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=463445"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=463445"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=463445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}