Congress chief Jairam Ramesh the Adani Group has repeatedly brushed apart questions on Vinod Adani, elder brother of the Group’s chairperson Gautam Adani, by claiming that he’s uninvolved with decision-making however contemporary disclosures present this to be a “laughable deception”.
| Photo Credit: SHIV KUMAR PUSHPAKAR
Under the Hum Adani Ke Hain Kaun (HAHK) collection, the Congress on Monday posed a contemporary set of questions on Vinod Adani’s alleged community of shell companies participating in “opaque” monetary transactions and claimed that Prime Minister Narendra Modi bought his “drumbeaters” to get Parliament adjourned in order that the demand for a joint parliamentary committee (JPC) into the Adani situation just isn’t raised.
In his newest assertion, Congress basic secretary (Communications) Jairam Ramesh stated the Adani Group has repeatedly brushed apart questions on Vinod Adani, elder brother of the Group’s chairperson Gautam Adani, by claiming that he’s uninvolved with decision-making however contemporary disclosures present this to be a “laughable deception”.
“The PM got his drumbeaters to get Parliament adjourned today so that the demand for JPC into the Adani Maha Mega Scam does not get raised. But that will not stop HAHK-27,” Mr. Ramesh tweeted, urging the Prime Minister to interrupt his silence.
In his assertion, Mr. Ramesh stated: “In the February 19 Hum Adani Ke Hain Kaun, we had pointed to the Adani Group announcement on September 16, 2022, that ‘the Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd’ and a SEBI filing that stated ‘the ultimate beneficial ownership of the Acquirer is held by Mr. Vinod Shantilal Adani and Mrs. Ranjanben Vinod Adani’. If Vinod Adani is at such arm’s length from the Adani Group, how have Adani Enterprises executives become senior managers at Ambuja Cements and ACC?”
Why does the Competition Commission of India assert that Endeavour belongs to the Adani Group, he requested. The Congress chief cited media experiences to argue that the shell firm Acropolis Trade and Investment owns Xcent Trade and Investment, which in flip owns Endeavour.
“The Mauritius-based Acropolis and Xcent both have Subir Mittra, who heads the Adani Family Office, as a director. Vinod Adani is a director in Acropolis, which reported $7 billion (₹51,400 crore) as revenue and profit (given near-zero expenses) in 2020-21 but zero income and a $25,980 loss in 2021-22,” the Congress claimed.
How does a shell firm that owns these vital infrastructure companies have revenues of ₹51,400 crore in a single 12 months and nil the subsequent, Mr. Ramesh requested, including, ”Will businesses just like the Enforcement Directorate ever examine the place these funds are coming from and the place are they going?”.
