Opposition demands parliamentary panel probe into Adani stock crash row

Opposition parties on Thursday demanded an investigation into the alleged “economic scam” by a US-based short seller against the Adani Group by a parliamentary panel or a Supreme Court-appointed committee chaired by the Chief Justice of India.

Addressing a joint press conference shortly after the start of the third day of the ongoing Budget Session of Parliament, Congress president and Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge, said that the suspension of Business notices by Opposition parties demanding a discussion on the issue was rejected.

“All Opposition parties have decided to raise their voices against the economic scam in the Parliament. We have suspended business under rule 267 to discuss the issue of LIC, Public Sector Banks, and financial institutions investing in companies that are losing market value, putting crores of Indians’ hard-earned money at risk. However, our notices are always rejected. “When we raise important issues, we don’t have time for debate,” he explained.

“Either a Joint Parliamentary Committee or a team led by the Chief Justice of the Supreme Court should look into this,” Kharge added.

The LoP questioned the government’s lending to “such companies,” accusing it of putting pressure on banks to lend.

“A large number of people invest in LIC, which is a well-known institution. Rather than repeatedly pointing out to one person, we would ask how the government is funding such businesses. We don’t understand why the government is putting pressure on such companies to lend them money.” Kharge explained.

Similar Opposition parties met in the Kharge chambers before the start of the day’s Session of the Parliament to discuss strategy for the day.

Several opposition MPs have issued suspension of business notices to the respective Houses of Parliament on the subject. However, both Houses were adjourned shortly after the Session began until 2 p.m. The leaders who gave the notice in their respective Houses include Leader of Opposition Mallikarjun Kharge, CPI(M) leader in Rajya Sabha MP Elamaram Kareem, Shiv Sena MP (Uddhav Thackeray faction) Priyanka Chaturvedi, CPI Rajya Sabha MP Binoy Viswam, Bharat Rashtra Samithi Lok Sabha MP Nama Nageswara Rao, BRS Rajya Sabha MP K Keshava Rao, Aam Aadmi Party MP Sanjay Singh among others.

The first part of the session will end on February 13. Parliament will reconvene on March 12 for the second half of the Budget Session, which will end on April 6.

Dhanshree Badhe

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