Quite clearly the PM has no interest in investigating his close friend and benefactor. With the PM unable or unwilling, the answer has to be a JPC (joint parliamentary committee probe), says Jairam Ramesh
The Opposition party has been questioning the financial dealings of Gautam Adani's group after US research firm Hindenburg alleged 'irregularities' and charged it with stock price manipulation
Jairam Ramesh claimed there are 'fresh revelations' that the firm, which controls Rs 8,000 crore worth of equity in Adani Power, was set up as a 'single person company' in Dubai in May 2019
Will SEBI awake from its Modi-made slumber … Why is it failing to inspire confidence that it will act as a fair regulator of capital markets and protect the interests of shareholders, Ramesh asked
It also said that if a Joint Parliamentary Committee probe is ordered into the allegations against the Adani Group, it will have to make sure that any loopholes for round-tripping and money-laundering are effectively shut