Rahul Gandhi Demands Investigation into Adani
Rahul Gandhi Demands Investigation into Adani

Rahul Gandhi Demands Investigation into Adani

News summary

Rahul Gandhi, a leader of India's opposition Congress party, has called for the immediate arrest of billionaire Gautam Adani following bribery and fraud charges brought against him by US prosecutors, which allege over $250 million in bribes to Indian government officials. Gandhi accused Prime Minister Narendra Modi of shielding Adani from scrutiny due to their close ties, asserting that investigations must begin with Adani's arrest for credibility. The charges have led to significant financial repercussions for Adani's companies, with shares plummeting nearly 20% following the indictment. The Adani Group has denied all allegations and stated that it will pursue all legal options, emphasizing that defendants are presumed innocent until proven guilty. Gandhi plans to raise the issue in Parliament and has called for a Joint Parliamentary Committee to investigate the matter, criticizing regulatory inaction. The ongoing political fallout highlights concerns about corruption and the influence of business interests in Indian politics.

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