PM Modi dismissed Adani issue as personal—Will he now answer US securities, exchange commission?
The opposition party's assertion came after the SEC told a federal judge in New York that its efforts to serve its complaint on Gautam Adani and Sagar Adani in the alleged bribery scheme are “ongoing”.
In November 2024, U.S. prosecutors charged Indian billionaire Gautam Adani and several executives of the Adani Group with securities fraud and conspiracy, alleging a $265 million bribery scheme to secure favorable solar energy contracts in India. The Adani Group has denied these allegations, labeling them as baseless.
Joint Parliamentary Committee
Following these developments, Congress leader Jairam Ramesh reiterated the party's demand for a Joint Parliamentary Committee (JPC) probe into the Adani Group's transactions. He emphasized that the U.S. indictment validates concerns previously raised by the Congress regarding the alleged nexus between Prime Minister Narendra Modi and Gautam Adani.
Bharatiya Janata Party
In response, Amit Malviya, a leader from Modi's Bharatiya Janata Party (BJP), questioned the timing of the U.S. indictment, suggesting it might be influenced by upcoming significant political events. He also highlighted that the allegations pertain to periods when the concerned states were governed by opposition parties.
Securities and Exchange Commission
As of now, Prime Minister Narendra Modi has not publicly addressed the U.S. Securities and Exchange Commission's (SEC) request for assistance from Indian authorities in serving its complaint to Gautam and Sagar Adani. The situation continues to evolve, with political leaders and the public closely monitoring for official statements or actions from the Prime Minister's Office regarding this matter.
