Thursday, March 30, 2023

Stock manipulation in past probed by JPCs, why is govt refusing now? Cong

The Congress on Monday asked the government why it was “stubbornly refusing” to order a joint parliamentary committee probe into the Hindenburg report on the Adani group when earlier too stock market manipulations had been probed by JPCs.
Congress general secretary communications Jairam Ramesh asked if Prime Minister Narendra Modi feared being “personally implicated” by a truly independent investigation.
Posing a set of three questions to the prime minister as part of the “Hum Adani ke Hain Kaun” series, he tweeted, “Does he think we had run out of questions for him, on this ‘maha mega scam’ he facilitated and that took place under his nose with his eyes wide open”.
The Congress leader said both Indian National Congress and Bharatiya Janata Party-led governments have in the past agreed to set up a Joint Parliamentary Committee (JPC) to investigate large-scale cases of stock market manipulation.
In 1992, he said, a JPC was set up to look into the Harshad Mehta case while in 2001 a JPC investigated the Ketan Parekh case. Both Narasimha Rao and Atal Bihari Vajpayee as prime ministers had the confidence and trust in elected representatives to investigate scams that affected crores of Indian investors.
“What are you afraid of? Do you fear that a truly independent investigation might implicate you personally in the Adani Group’s wrongdoings,” Ramesh asked. He also alleged that “the government is turning a blind eye to fresh collusion between (stockbroker Ketan) Parekh and the Adani Group”.

Rahul attacks Modi over his alleged link with Adani
Launching a scathing attack on the Prime Minister over his alleged link with business tycoon Gautam Adani, Congress leader Rahul Gandhi on Monday said the PM “thinks that he is very powerful, but he doesn’t realise that the absolute last thing that I am scared of is Narendra Modi.” Recalling the speech he had made in Parliament recently in which he had raised certain matters pertaining to the Hindenburg report on the Adani Group of companies, Gandhi, while addressing Congress workers in his constituency, said he was asked to show proof with regard to what he had said.
“…and I have written to the Speaker with every single point they have removed and supporting proof,” Gandhi said. A major part of Gandhi’s address during a discussion in the Lok Sabha on the motion of thanks on the President’s address was removed.
“Modi thinks that he is very powerful and people will get scared of him. He doesn’t realise that the absolute last thing that I am scared of is Narendra Modi”, the Wayanad MP said, escalating his attacks on the Prime Minister’s alleged link with Adani.


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