If nothing to hide, why is govt running away from JPC probe into Adani issue: Jairam Ramesh

Speaking on the stock rout of Adani Group firms, All India Congress Committee (AICC) General Secretary Jairam Ramesh asked why the government was avoiding the demand for a joint parliament committee if there was nothing to hide.

“The government is not only running away from the JPC demand, they are not allowing it to be taken up in the Parliament — at Lok Sabha and Rajya Sabha,” the Congress leader charged at a press conference here on Tuesday.

“When Rahulji (Rahul Gandhi) raised it in Lok Sabha and Khargeji (Mallikarjun Kharge) raised it in Rajya Sabha, and many of our members in both Houses raised it, they were expelled from the Houses.” “If there is nothing to hide, why not allow the demand for JPC?” he said. “Give JPC enough time to investigate, and the investigation should focus on Adani Group,” the Congress leader said.

Jairam Ramesh also questioned why a PIL on this matter was filed with the Supreme Court. As a result, an investigation into the Hindenburg would be launched. “These people say we’ll look into Hindenburg Research, but the investigation should look into Adani Group,” he says.

He also questioned during the conference, “What is this relationship between the government and Adani Group? What benefits has Adani received in the last ten years?”

“And only a JPC investigation can uncover this investigation,” he added.

The AICC general secretary also stated that the Congress has always supported private investment.

“We have always believed that private investment is the primary driver of growth in the country. We want the government to focus on private investments over the next 10-20 years,” he said.

“We (in Congress) have always said that entrepreneurship should be the course. “We need to focus more on entrepreneurship,” he added.

After taking note of a recent market crash in the aftermath of a report by US short-seller firm Hindenburg Research on the Adani Group, the Supreme Court on Friday sought a response from the Ministry of Finance and the statutory market regulator, SEBI, on how to ensure that Indian investors are protected against sudden volatility in the future.

A bench led by Chief Justice of India DY Chandrachud sought a response from the Centre and the Securities and Exchange Board of India (SEBI) on the existing regulatory framework and the need for a robust mechanism to protect investors.

Dhanshree Badhe

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