Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Politics / News/  ‘Will probe Adani if we come to power…’, says Rahul Gandhi on coal pricing issue

‘Will probe Adani if we come to power…’, says Rahul Gandhi on coal pricing issue

Rahul Gandhi accuses Adani of theft and PM Modi of protecting him.

Congress leader Rahul Gandhi. (PTI)Premium
Congress leader Rahul Gandhi. (PTI)

Sharad Pawar is not the Prime Minister of India, said Congress MP Rahul Gandhi while clarifying that he did not ask the Nationalist Congress Party chief about his meetings with industrialist Gautam Adani.

Rahul Gandhi, at a press conference here, also accused Prime Minister Narendra Modi of safeguarding Adani. He cited a recent report by the Financial Times which claimed that Adani buys coal from Indonesia and its price double when it reaches India.

The Congress leader further blamed Adani for the rising electricity prices in India and said that the citizens' money was going to Adani's pockets through overpricing.

“People are paying more for each unit. The figure " 32,000 crore" will only go up. This is impossible without PM Modi's protection. Still, there is no investigation into it. Why?" Rahul Gandhi said.

He also said, "...This time the theft is happening from the pockets of the public...When you push the button for a switch, Adani gets money in his pocket...Enquiry is happening in different countries and people are asking questions but nothing is happening in India... "

“...Adani buys coal in Indonesia and by the time the coal arrives in India, its price doubles...Our electricity prices are going up...He (Adani) takes money from the poorest people...This story would bring down any government. This is direct theft…Will initiate probe over it if come to power," Rahul Gandhi added.

Rahul Gandhi showed a media report on 'Adani and the mysterious coal price rises' at a press conference in Delhi.

Union Minister Prahlad Patel reacted to Rahul Gandhi's remarks and said, “I feel the public will remember the direct benefit given by PM Modi...Congress MP Rahul Gandhi never understood the ground reality."

Earlier last week, the Adani Group had said there is a renewed attempt by the UK-based newspaper Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Indian business conglomerate.

On October 9, Adani Group said that these articles were part of an extended campaign to advance vested interests under the guise of public interest.

"Continuing their relentless campaign, the next attack is being fronted by Dan McCrum of the Financial Times, who jointly with the OCCRP put out a false narrative against the Adani Group on 31 August 2023. The OCCRP is funded by George Soros, who has openly declared his hostility against the Adani Group," the Adani Group statement said.

Having failed earlier, the UK daily is making another effort to financially destabilize the Adani Group by raking up an old, baseless allegation of over-invoicing of coal imports, the statement added.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Oct 2023, 12:28 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App