Adani-Hindenburg row: Opposition plans fresh offensive; Congress chief meets MPs for Parliament strategy

A day after protests over the Adani-Hindenburg issue stalled both Houses of Parliament, Opposition leaders held a meeting to discuss their joint strategy to press the Narendra Modi government on the issue. The meeting on 3 February 2023 was called by Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge.

A day earlier, Kharge had demanded an investigation either by a Joint Parliamentary Committee, or a probe headed by the Chief Justice of India. Congress leader Jairam Ramesh said that an independent inquiry is required to save LIC, SBI, and other institutions "forced by Prime Minister Narendra Modi to invest in the Adani group".

Adani group stocks, where LIC is heavily invested, have lost over USD 100 billion in value since a tiny New York short seller came out with a damning report alleging financial and accounting fraud by the ports-to-energy conglomerate. The Adani group has denied all charges and called the report malicious and full of lies.

The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.

(With PTI inputs)

Also Watch: Threat to blow up Ram Temple area in Ayodhya in phone call received by local resident, say UP police