Opposition's demand for JPC probe into Adani issue not justified: Jethmalani

BJP MP Mahesh Jethmalani on Friday dismissed the Oppositions allegation that investments by LIC in the Adani Group were made at the governments behest and said there was no justification to the demands for a joint parliamentary committee probe into the matterLok Sabha and Rajya Sabha proceedings were adjourned till 2 pm and 230 pm respectively on Friday due to protests by opposition members into the fraudallegationtriggered rout in the groups stocks with members in the Lower House demanding a probe by a joint parliamentary committee JPCWrongdoing in these investments if any would be probed by the Securities and Exchange Board of India SEBI and the Reserve Bank of India RBI the Rajya Sabha member saidWhat does the government have to do with this Nobody has said what the governments role is in this LIC Life Insurance Corporation is an independent organisation They have decided to make some investments Jethmalani saidThe SEBI and the RBI will look into it Let their reports come in he told PTI when asked on the Oppositions demand for a JPC probe into the Adani issue The demand for a JPC probe is not justified the MP saidAlso Read Adani stock rout Opposition parties to meet in Parliament to evolve strategyAdani Group stocks where LIC is heavily invested have lost over USD 100 billion in value since a USbased short seller came out with a damning report alleging financial and accounting fraud by the portstoenergy conglomerate The group has denied all charges and called the report malicious and full of liesThe Opposition had earlier alleged that investments by LIC in the Adani Group were made at the behest of the Modi governmentJethmalani also raised questions on the BBC documentary on the 2002 Gujarat riots and claimed that the UKbased news organisation was a Chinese vassalThere is so much financial interlocking between the BBC and Chinese stateowned companies They have invested at least 150 million pounds from their pension fund of 47000 employees in Chinese stateowned companies accused of links to human rights violations he claimedThis renders it a Chinese vassal and a mouthpiece of China the BJP MP saidAs the slide in Adani group stocks continued in the markets the Opposition said the rout has threatened the value of investments made by LIC and public sector banksThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever