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Elara India Opportunities Fund – one of the four Mauritius-based funds that hold shares predominantly in Adani Group firms – is a promoter entity in a defence company that has a Rs 590-crore contract with the Union government, the Indian Express reported.
Party asks whether PM is ‘sacrificing India’s national security interests for the financial interests of his cronies’
Elara India Opportunities Fund – one of the four Mauritius-based funds that hold shares predominantly in Adani Group firms – is a promoter entity in a defence company that has a Rs 590-crore contract with the Union government, the Indian Express reported.
In the twenty-ninth instalment of the series, 'Hum Adani Ke Hai Kaun' (HAHK), the Congress party asked three questions to prime minister (PM) Narendra Modi about central role played by Gautam Adani's elder brother Vinod in Adani group affairs, including Adani group's relations with Mauritius-based Elara India Opportunities Fund and Chinese national Chang Chung-Lung.
Elara Capital, which owns a part of a major defence firm with Adani, is also under investigation in the UK over Hindenburg's allegations.