Page 2 - Hum Adani News Today

Adani: Citing a media report, Congress general secretary said it documents the modus operandi behind the staggering rise of the "Modi-made Monopoly (3M)" in many strategic sectors with a case study of the acquisition of Gangavaram port.

Prized assets like Mumbai airport, Krishnapatnam Port and, now, Sanghi Industries are being handed over to the Adani Group following raids by these agencies, Congress leader Jairam Ramesh said

Congress has been raising several questions on Adani issue ever since Hindenburg came out with allegations of stock manipulation and financial irregularities against the group and demanded answers from the govt

Congress has accused the BJP government of misusing probe agencies to benefit a select group of businesspeople. Jairam Ramesh, the general secretary of the Congress, claimed that firms competing with the Adani Group for assets in sectors including airports and ports had been subjected to intimidating raids by the CBI, ED and Income Tax Department. He claimed the raids had deterred such firms from pursuing bids for assets, enabling Adani to acquire them instead.

Hitting out at the Centre over acquisition of Sanghi Industries by Adani-owned Ambuja Cements, the Congress on Saturday alleged that India’s third-largest cement producer Shree Cement, which was in talks to acquire Sanghi Industries, exited the race after Income Tax Department launched raids against it.

Congress slams Centre over acquisition of Sanghi Industries by "Adani-owned Ambuja Cements"

Cong cited the takeover of a cement company to allege probe agencies were being misused by the BJP to "enrich" a select few crony capitalists.

The Congress party has criticized the Reserve Bank of Indias (RBI) decision to allow banks to make a compromise settlement on fraud accounts and wilful defaults. Congress General Secretary Jairam Ramesh has demanded that the RBI immediately repeals its instructions, stating that the new rules mean wilful defaulters who have run away with public money are receiving a "clean chit". The Congress party has claimed that banking frauds have risen 17-fold under the current Modi government.

It asked an explanation on a change in bid conditions that excluded the previous winner of a tender to redevelop Dharavi and

(This story has not been edited by THE WEEK and is auto-generated from a PTI