Nagpur: The Aam Aadmi Party (AAP) has demanded an inquiry into the Hindenburg report from the government. In which the Adani group has been accused of the world’s most prominent corporate fraud. Aam Aadmi Party members protested in Nagpur on Sunday, What he called “the government’s reluctance” to verify the contents of the US-based short-sellers report officially.
The party’s Maharashtra state treasurer Jagjit Singh led the entire protest and asked, “Why is the Modi government supporting Adani in major infrastructure projects of the country? Prime Minister Modi should answer the country in Parliament on the financial scam of the Adani Group.”
Aam Aadmi Party members have also said that the whole world is aware of the Hindenburg Report, but the central government is “shying away from dealing with the issue directly”.
AAP Nagpur Secretary Bhushan Dhakulkar also said about this, ‘The relationship between Gautam Adani and PM Narendra Modi is very old. Whenever the PM visits any country, So then Adani is taken with him to promote the industrial group and it is shown that if you help Adani, Then you can please the Indian PM. This is the type of capitalism that cultivates interest, called crony capitalism.”
Share prices of many companies of the Adani group have fallen
In a written statement, the AAP has also alleged that the Adani group is raising funds by leveraging its assets. The report also said, “Because of Modi, the Adani group has a monopoly in many infrastructure sectors in the country. Be it a private port or airport, be it coal, electricity or the agriculture industry. This requires huge capital investment, and the Adani group gets huge loans from nationalized banks on the strength of its ties with the government.”
After the Hindenburg report came out, the share prices of many companies of the Adani group have fallen in the stock market, although the company has completely denied all the allegations.
The AAP has also claimed that the shares were pledged to obtain the loan and that the fall in their value could make the loan problematic. The party statement also said, “While all this is happening, the central government and its central investigative and regulatory agencies are turning a blind eye. You have demanded an immediate inquiry into this scam and appropriate action.”