HomeEconomyAAP Calls for Supreme Vigilance: Allegations Against Adani Group Spark Demand for...

AAP Calls for Supreme Vigilance: Allegations Against Adani Group Spark Demand for Stringent Action

In a dramatic turn of events, the Aam Aadmi Party (AAP) has launched a scathing attack on the BJP-led Centre, following startling revelations about the Adani Group. Amidst fresh allegations surrounding the conglomerate’s financial dealings, AAP has made a compelling plea to the Supreme Court, urging it to take immediate action against the business titan.

Under the stewardship of Arvind Kejriwal, the AAP has taken an assertive stance, asserting that a Joint Parliamentary Committee (JPC) must be established to rigorously investigate these allegations against the Adani Group. The party contends that neither capital market regulator SEBI nor any other government agency can be entrusted to uncover the truth, as industrialist Gautam Adani is perceived to share an unprecedented bond with Prime Minister Narendra Modi.

Fueling the fervor is the recent report by the Organised Crime and Corruption Reporting Project (OCCRP), which has cast a shadow over the Adani Group’s financial practices. These allegations, centered on significant investments made through “opaque” Mauritius-based funds managed by the promoter family’s partners, have ignited a storm of controversy.

In response, the Adani Group has vehemently refuted the accusations, labeling them as “recycled allegations” and attributing them to vested interests. Yet, AAP remains steadfast in its conviction, calling upon the apex court to heed the OCCRP’s findings and enforce the strictest measures against Adani.

AAP leader Sanjay Singh declared during a press conference that the allegations are of such gravity that SEBI cannot be entrusted with the investigation. He contends that the close relationship between Gautam Adani and Prime Minister Modi could influence any potential probe.

These tumultuous developments have triggered a call for a JPC by AAP’s national spokesperson, Reena Gupta. The party vehemently believes that a thorough and impartial investigation is essential, as neither SEBI nor any other existing agency is equipped to scrutinize the multifaceted allegations.

The OCCRP’s claims come in the wake of the Hindenburg Research’s damning report that eroded nearly USD 150 billion in Adani Group stocks, and in response, AAP’s demand for action reverberates as a call for accountability and transparency. As the allegations against the Adani Group reverberate across global financial spheres, the AAP’s determined stance underscores a pursuit for truth and justice that transcends political boundaries.

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