‘One Man, One Government, One Business Group’: Congress takes swipe at govt over Adani subject

By PTI

NEW DELHI: The Congress on Saturday attacked the federal government over the Adani subject, saying the G20 theme is ‘One Earth, One Family, One Future’ however Prime Minister Narendra Modi appears to really consider in “One Man, One Government, One Business Group”.

Congress has been questioning the monetary dealings of billionaire Gautam Adani’s group after US analysis agency Hindenburg alleged “irregularities” and charged it with inventory worth manipulation.

The Adani Group has denied all of the allegations made within the Hindenburg report and claimed there had been no wrongdoing on its half.

Here is the assertion issued by Shri @Jairam_Ramesh, highlighting PM Modi’s earlier requires international motion in opposition to cash laundering and financial offenders, and the way PM Modi creates monopolies for the Adani group whereas obstructing investigations into their actions by varied… pic.twitter.com/iJSproThnD

— Congress (@INCIndia) September 9, 2023

Congress normal secretary Jairam Ramesh mentioned in a press release that because the 2023 G20 Summit begins in Delhi, it’s price recalling Modi’s many exhortations at earlier conferences of the grouping for the worldwide group to crack down on corruption and cash laundering.

At the 2014 Brisbane G20 assembly, the prime minister known as for international cooperation “to eliminate safe havens for economic offenders”, to “track down and unconditionally extradite money launderers” and to “break down the web of complex international regulations and excessive banking secrecy that hide the corrupt and their deeds”, the Congress chief mentioned.

At the 2018 Buenos Aires G20 summit, Modi introduced a nine-point agenda “for action against fugitive economic offences and asset recovery”, Ramesh mentioned.

“The PM’s brazenness would be laughable if his complicity in high-level corruption and economic offences were not so serious. The PM has not simply facilitated the creation of Modi-made Monopolies (3M) for his close friends, the Adanis, in critical sectors like ports, airports, power and roads using all the tools at his disposal, he has systematically blocked all investigations into Adani’s wrongdoing by agencies as varied as SEBI, CBI, ED, the Directorate of Revenue Intelligence (DRI) and the Serious Fraud Investigation Office,” he charged.

This ensures that “tax havens are safe for his close friends and that they continue to enjoy the protection of excessive banking secrecy and complex international regulations”, he alleged.

The revelation that a minimum of two opaque funds which might be alleged to have achieved round-tripping, cash laundering and have violated securities legal guidelines are instantly linked to Adani is the latest instance of how enfeebled companies have been made “subservient to the Adanis’ and the PM’s corporate interests”, Ramesh mentioned.

One Nation, One Partnership pic.twitter.com/sqc8w6ceVR

— Congress (@INCIndia) September 9, 2023

“No less a body than the Supreme Court’s Expert Committee noted in its damning report how SEBI had itself deleted the requirement for overseas funds to report their actual ownership, something that it belatedly tried to undo in June 2023 when it reintroduced reporting requirements, long after the Adani horse had bolted. Would it have done so without pressure from the top,” he requested.

Note that it deleted these necessities lengthy after the departure of UK Sinha, who joined the board of the Adani-owned channel after having beforehand didn’t act on a DRI investigation on Adani, indicative of a broader conspiracy, Ramesh mentioned.

“The PM’s ‘nine-point agenda’ is equally laughable given the ease with which the BJP permitted economic offenders like Nirav Modi, Lalit Modi, Mehul ‘Bhai’ Choksi and Vijay Mallya to flee the country. The government itself has admitted that it has been able to bring back only two of 72 major economic offenders in recent years,” he alleged.

The G20 is meant to be a productive gathering of the foremost world economies, aimed toward coping with international issues in a cooperative method, Ramesh famous.

“President Putin may have stayed away, but Prince Potemkin has been in full display with slums being either covered up or demolished, rendering thousands homeless. Stray animals have been cruelly rounded up and mistreated, only to burnish the PM’s image. The G20 slogan is ‘One Earth, One Family, One Future’. However, the PM seems to actually believe in ‘One Man, One Government, One Business Group’,” the Congress normal secretary mentioned.

Opposition events have additionally been demanding a Joint Parliamentary Committee probe into the Adani subject.

NEW DELHI: The Congress on Saturday attacked the federal government over the Adani subject, saying the G20 theme is ‘One Earth, One Family, One Future’ however Prime Minister Narendra Modi appears to really consider in “One Man, One Government, One Business Group”.

Congress has been questioning the monetary dealings of billionaire Gautam Adani’s group after US analysis agency Hindenburg alleged “irregularities” and charged it with inventory worth manipulation.

The Adani Group has denied all of the allegations made within the Hindenburg report and claimed there had been no wrongdoing on its half.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2′); );

Here is the assertion issued by Shri @Jairam_Ramesh, highlighting PM Modi’s earlier requires international motion in opposition to cash laundering and financial offenders, and the way PM Modi creates monopolies for the Adani group whereas obstructing investigations into their actions by varied… pic.twitter.com/iJSproThnD
— Congress (@INCIndia) September 9, 2023
Congress normal secretary Jairam Ramesh mentioned in a press release that because the 2023 G20 Summit begins in Delhi, it’s price recalling Modi’s many exhortations at earlier conferences of the grouping for the worldwide group to crack down on corruption and cash laundering.

At the 2014 Brisbane G20 assembly, the prime minister known as for international cooperation “to eliminate safe havens for economic offenders”, to “track down and unconditionally extradite money launderers” and to “break down the web of complex international regulations and excessive banking secrecy that hide the corrupt and their deeds”, the Congress chief mentioned.

At the 2018 Buenos Aires G20 summit, Modi introduced a nine-point agenda “for action against fugitive economic offences and asset recovery”, Ramesh mentioned.

“The PM’s brazenness would be laughable if his complicity in high-level corruption and economic offences were not so serious. The PM has not simply facilitated the creation of Modi-made Monopolies (3M) for his close friends, the Adanis, in critical sectors like ports, airports, power and roads using all the tools at his disposal, he has systematically blocked all investigations into Adani’s wrongdoing by agencies as varied as SEBI, CBI, ED, the Directorate of Revenue Intelligence (DRI) and the Serious Fraud Investigation Office,” he charged.

This ensures that “tax havens are safe for his close friends and that they continue to enjoy the protection of excessive banking secrecy and complex international regulations”, he alleged.

The revelation that a minimum of two opaque funds which might be alleged to have achieved round-tripping, cash laundering and have violated securities legal guidelines are instantly linked to Adani is the latest instance of how enfeebled companies have been made “subservient to the Adanis’ and the PM’s corporate interests”, Ramesh mentioned.

One Nation, One Partnership pic.twitter.com/sqc8w6ceVR
— Congress (@INCIndia) September 9, 2023
“No less a body than the Supreme Court’s Expert Committee noted in its damning report how SEBI had itself deleted the requirement for overseas funds to report their actual ownership, something that it belatedly tried to undo in June 2023 when it reintroduced reporting requirements, long after the Adani horse had bolted. Would it have done so without pressure from the top,” he requested.

Note that it deleted these necessities lengthy after the departure of UK Sinha, who joined the board of the Adani-owned channel after having beforehand didn’t act on a DRI investigation on Adani, indicative of a broader conspiracy, Ramesh mentioned.

“The PM’s ‘nine-point agenda’ is equally laughable given the ease with which the BJP permitted economic offenders like Nirav Modi, Lalit Modi, Mehul ‘Bhai’ Choksi and Vijay Mallya to flee the country. The government itself has admitted that it has been able to bring back only two of 72 major economic offenders in recent years,” he alleged.

The G20 is meant to be a productive gathering of the foremost world economies, aimed toward coping with international issues in a cooperative method, Ramesh famous.

“President Putin may have stayed away, but Prince Potemkin has been in full display with slums being either covered up or demolished, rendering thousands homeless. Stray animals have been cruelly rounded up and mistreated, only to burnish the PM’s image. The G20 slogan is ‘One Earth, One Family, One Future’. However, the PM seems to actually believe in ‘One Man, One Government, One Business Group’,” the Congress normal secretary mentioned.

Opposition events have additionally been demanding a Joint Parliamentary Committee probe into the Adani subject.