Vinod Adani working shell firms in ‘collusion with Chinese nationals’: Congress

By PTI

NEW The Congress on Friday alleged that Gautam Adani’s elder brother Vinod Adani was working shell firms in “collusion with Chinese nationals” and requested whether or not the federal government ought to facilitate or examine the group.

Posing a set of three inquiries to Prime Minister Narendra Modi as a part of the celebration’s “Hum Adani ke Hain Kaun” collection, Congress normal secretary Jairam Ramesh stated the main focus of Friday’s posers was on the “disturbing Chinese connections” of a enterprise group that has management of vital Indian infrastructure comparable to ports and airports.

The Congress’ slew of allegations have continued weeks after Adani Group shares had taken a beating on the bourses after US-based brief vendor Hindenburg Research made a litany of allegations, together with fraudulent transactions and share-price manipulation.

The Gautam Adani-led group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.

In his assertion addressed to the prime minister, Ramesh alleged that the Adani Group has a “longstanding” relationship with China.

“A Chinese national, Chang Chung-Ling (aka Lingo-Chang) has been a director in several Adani Group companies along with Vinod Adani and has also made an appearance in the Panama Papers,” Ramesh claimed.

सिर्फ JPC ही प्रधानमंत्री से जुड़े अडानी महाघोटाले के सभी राजनीतिक और वित्तीय पहलुओं को उजागर कर सकती है। कोई विशेषज्ञ ऐसा नहीं कर सकता है, और न ही करेगा।

ये हैं पीएम से “HAHK – हम अडानी के हैं कौन” श्रृंखला के तहत 21वें दिन के हमारे तीन सवाल।

चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/2RnbBRFVjD

— Jairam Ramesh (@Jairam_Ramesh) March 3, 2023

In December 2017, South Korea seized the Panama-registered oil tanker Koti for transferring petroleum merchandise to a North Korean tanker in violation of UN sanctions, he stated.

“It emerged that the Koti, which South Korea subsequently scrapped, was owned by Chang Chung-Ling’s sons Chien-Ting Chang and Chien-Huan Chang. The Koti and the Koti Corporation are both on UN and US sanction lists,” Ramesh stated.

“There are deeper links with the Adani Group: Chien-Ting Chang is also known to be an owner of PMC Projects that helped construct Mundra and other Adani Group ports,” he alleged.

OPINION | Hindenburg impact on the way forward for Adani shares: Part I

OPINION | Hindenburg impact on way forward for Adani Businesses: Part II

What is Chang Chung-Ling’s precise relationship with the Adani household, Ramesh requested.

“What influence do the governments of China and North Korea have over a group that controls strategic Indian assets and has a close relationship with India’s Prime Minister?” Ramesh stated in his assertion which was a part of a sub-series on the allegations towards Adani — “Dikh Raha Hai Vinod”.

“Are you recklessly endangering the security of critical Indian assets by your dependence on a business group that is vulnerable to being influenced by China and North Korea,” Ramesh requested the prime minister.

Why are there so many “murky connections” between the Adani Group and Chinese nationals partaking in criminal activity, he requested.

What is their relationship with Vinod and Gautam Adani, he questioned.

“Only a JPC (joint parliamentary committee probe) can unravel the full political and financial dimensions of the PM-linked Adani Maha Mega Scam. No expert can or will,” Ramesh stated in a tweet.

The Supreme Court on Thursday ordered organising of a six-member committee headed by former apex court docket decide Justice A M Sapre to research the latest Adani Group shares crash triggered by the Hindenburg Research’s fraud allegations and different regulatory facets associated to inventory markets.

Ramesh additionally claimed, “The Adani Group has repeatedly described Vinod Adani in filings as an NRI with Cyprus citizenship. Yet Dubai property records reportedly show that Vinod Adani holds an Indian passport expiring in 2026,” he stated.

Given that India doesn’t have twin citizenship, how is it attainable for him to have an Indian passport, the Congress chief stated.

“Should the government facilitate or investigate a person accused of money-laundering and operating shell companies in collusion with Chinese nationals,” Ramesh requested.

The Gautam Adani-led group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.

In his assertion addressed to the prime minister, Ramesh alleged that the Adani Group has a “longstanding” relationship with China.

सिर्फ JPC ही प्रधानमंत्री से जुड़े अडानी महाघोटाले के सभी राजनीतिक और वित्तीय पहलुओं को उजागर कर सकती है। कोई विशेषज्ञ ऐसा नहीं कर सकता है, और न ही करेगा।
ये हैं पीएम से “HAHK – हम अडानी के हैं कौन” श्रृंखला के तहत 21वें दिन के हमारे तीन सवाल।
चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/2RnbBRFVjD
— Jairam Ramesh (@Jairam_Ramesh) March 3, 2023
In December 2017, South Korea seized the Panama-registered oil tanker Koti for transferring petroleum merchandise to a North Korean tanker in violation of UN sanctions, he stated.