Senior Congress leader Jai Ram Ramesh raised the issue of why investigations into companies linked to Adani were stopped after Modi finally became GKPM.
According to Indian media, senior Congress leader Jai Ram Ramesh said, “Dear PM Modi, we are all committed to eliminating safe havens for economic crimes” and “complicated international regulatory and banking secrecy that hides corrupt practices.” Your appeal to ‘break the illusion’ has been heard.
“Yet shell companies in foreign tax havens have played a central role in the business operations of your friend Gautam Adani without any serious consequences,” he said.
The Congress leader said his brother Vinod Adani is accused of setting up at least 38 shell units in Mauritius, many of which have done large business with the Adani Group without any known source of income and business activity.
They said that shell companies allegedly controlled by Vinod Adani have also invested huge sums in Adani group companies. Records show that UAE-based Emerging Market Investments DMCC had lent Rs 7,919 crore to Adani Power’s subsidiary Mahajan Energy in 2021-22.
In the same year, Adani Infrastructure received Rs 5,145 crore from Mauritius-based Gardenia Trade and Investment, both entities said to be linked to Vinod Adani. Both lent large sums of money to the Adani Group without any clear known business activities. Isn’t all this activity worthy of investigation by your investigative agencies?
