Responding to Prime Minister Narendra Modi's remarks about a 'money heist,' Congress leader Jairam Ramesh, in a countermove, brought attention to the Adani matter, urging the PM to elucidate what he termed the "most significant money heist" since 1947.
In light of the Income Tax department's seizure of over Rs 350 crore and roughly 3 kg of gold ornaments from the premises of Congress MP Dhiraj Sahu, PM Modi had taken a swipe at the Congress. In response, Jairam Ramesh called upon the Prime Minister to account for the "unprecedented growth" of his "close friend Adani."
Accusing Adani of diverting Rs 17,500 crore from India by inflating the prices of imported coal and power equipment, Jairam Ramesh alleged that another Rs 20,000 crore was brought back into India via offshore shell companies. He claimed that this money was then used to inflate Adani's stock prices under the scrutiny of SEBI. Jairam Ramesh further asserted that Adani borrowed billions from banks, using inflated stocks as collateral, and invested the funds in projects favorably bestowed upon him through the enforcement agencies of ED, CBI, and IT. This, according to Jairam Ramesh, propelled Adani from obscurity to becoming the second richest man globally, leaving the nation to question who bore the brunt of this extraordinary surge.
Jairam Ramesh contended that the public ended up footing the bill for Adani's purported "unprecedented growth" through what he described as "inflated electric bills."
Denouncing the Prime Minister's attack as an attempt to divert attention, Jairam Ramesh asserted that such tactics would not succeed, particularly in light of the unfolding developments involving Chang Chung-Ling and the Adani Group.
The Congress has consistently launched offensives against the BJP and Prime Minister Narendra Modi concerning the Adani issue. The party has alleged that the Modi government bent rules to favor Adani and has questioned the nature of PM Modi's relationship with the industrialist.
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