Congress Demands Probe Into Adani Allegations
Congress Demands Probe Into Adani Allegations
Congress Demands Probe Into Adani Allegations
News summary

Congress party members staged nationwide protests demanding a Joint Parliamentary Committee (JPC) investigation into allegations against the Adani Group and the Securities and Exchange Board of India (SEBI) chairperson, Madhabi Puri Buch. The protests were fueled by a report from Hindenburg Research, which accused Buch and her husband of holding stakes in offshore funds linked to the alleged Adani financial scandal. Congress leaders claimed that the Modi government has manipulated investigative agencies to benefit the Adani Group while undermining the integrity of capital market regulations. Buch and her husband have dismissed the charges as baseless, asserting that Hindenburg's claims are an attempt to diminish SEBI's credibility. Congress plans to hold press conferences nationwide to raise awareness about the economic implications for small investors due to the alleged misconduct. These events reflect growing political tensions, with opposition parties accusing the government of creating financial instability while the BJP counters that the protests are part of a conspiracy against economic growth.

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