After United States investigation agencies indicted Indian business conglomerate Gautam Adani for alleged multibillion-dollar fraud, Leader of Opposition Rahul Gandhi today, Thursday, alleged that Prime Minister Modi is protecting the businessman. The Congress leader also demanded Adani’s arrest, highlighting that the US investigation has said that Adani has committed crimes in India and America.
“Narendra Modi gave the slogan: If we are united, we are safe In India, if Narendra Modi and Adani are together then they are safe. Nothing can be done to Adani in India. Here the Chief Minister is sent to jail and Adani is roaming free after committing a scam of Rs 2,000 crore. Because Narendra Modi is protecting them,” the Congress leader said, referring to BJP’s slogan ‘Ek hai to safe hai’.
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Rahul Gandhi also attacked Securities and Exchange Board of India Chairperson Madhavi Buch for her alleged support for the business tycoon’s scams, adding that she should be removed from her post and investigated.
Recently, a federal court in the US charged Adani, and seven others with conspiracies to commit securities and wire fraud and substantive securities fraud for their roles in a multi-billion-dollar scheme. The alleged act was reportedly meant to accumulate funds from US investors and global financial institutions on the basis of false and misleading statements.
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The indictment alleged that Adani and some other individuals named in the group, agreed to pay more than $250 million in bribes to Indian government officials between 2020 and 2024 to acquire high-stake solar energy contracts with the government. The contracts reportedly projected to make more than $2 billion in profits after tax over an approximately 20-year period. The investigation further noted that Adani raised more than $175 million from U.S. investors and Azure Power’s stock was traded on the New York Stock Exchange during the alleged scheme.
