Adani scam 2023 latest news: BJP Rajya Sabha MP Mahesh Jethmalani questioned the government’s involvement in the Adani case as the opposition called for a Joint Parliamentary Committee investigation. Jethmalani stated that LIC, as an autonomous organization, made investments independently.

Adani scam 2023 latest news: What’s Bjp senior advocate Mahesh Jethmalani say’s

Mahesh Jethmalani, a senior advocate and BJP MP in the Rajya Sabha, questioned the government’s connection to the Adani case on Friday. The opposition has been advocating for a Joint Parliamentary Committee investigation. Jethmalani asked, “What role does the government have in this? No one has specified the government’s involvement.

LIC is an independent organization that made its own investment decisions.” If there is any misconduct by the Adani Group, Jethmalani stated that it will be investigated by Sebi and RBI. He concluded that there is no valid reason for a JPC probe, as reported by the PTI news agency.

Due to opposition protests over the Adani fraud allegations, the proceedings of both the Lok Sabha and the Rajya Sabha were adjourned on Friday.

Hindenburg report

An explosive report from Hindenburg, alleging massive stock manipulation by the Adani Group, sparked a crisis causing their stocks to drop significantly. The group has refuted the allegations and backed out of its planned ₹20,000 crores Follow-on Public Offer (FPO). On Friday, S&P Dow Jones announced its plans to remove Adani Enterprises from its sustainability indices starting February 7.