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‘Still no SEBI, ED probe into your friend’s lies?’
Updated On: 20 February, 2023 08:46 AM IST | New Delhi | Agencies
Congress demands answers from PM Modi, as Forbes now reveals Adani Group benefitted from offshore funds of Gautam Adani’s elder brother Vinod
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Congress leader Jairam Ramesh (centre) with party leaders K C Venugopal and Tariq Anwar, at AICC HQ, in Delhi, on Sunday. Pic/ANI
The Congress on Sunday said that Gautam Adani’s elder brother Vinod Adani is at the centre of financial flows that leverage one group of Adani assets to send loans to another, and asked if this was not worthy of an investigation by the SEBI and the Enforcement Directorate.
Congress general secretary Jairam Ramesh cited allegations made by Hindenburg Research claiming that Vinod “manages a vast labyrinth of offshore shell entities” that have “collectively moved billions of dollars into Indian Adani publicly listed and private entities, often without required disclosure of the related party nature of the deals”.
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