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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.