Adani Scam News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Despite Hindenburg Research's accusations of corporate fraud against billionaire Gautam Adani, his Adani Group, a diverse conglomerate, has rebounded impressively. Adani Group's market performance, marked by a remarkable one-day gain of Rs 1,92,645 crore on December 5, signifies a resurgence in market confidence, hitting an 11-month high of Rs 13.88 lakh crore market capitalisation. This surge suggests a turning point for Adani, signaling regained trust among investors.

The Congress party has accused the Adani group of siphoning off more than Rs 12,000 crore from India in two years, calling it the "biggest scam" in modern India. Congress leader Jairam Ramesh claimed that the ruling BJP government had helped the Adani group acquire assets and accused them of using electoral bond funds to buy MLAs and weaken opposition parties.

The Congress has been demanding a JPC probe into the allegations of "stock price manipulation" and financial irregularities against the Adani group.

The Congress has been demanding a JPC probe into the allegations of "stock price manipulation" and financial irregularities against the Adani group made by US research firm Hindenburg that the Adani group has denied as baseless.

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