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The heat of the allegations leveled against the Adani Group during the last few months is also reaching the Central Government. In the country where the opposition party and leaders are attacking the government regarding the Adani group, the government is also facing questions related to this dispute abroad. However, the government is refraining from commenting on the controversies related to the Adani group. Finance Minister Nirmala Sitharaman, who went on a visit to America, also refused to comment when asked about this.
Government stays away from the matter of companies
According to a Bloomberg report, Finance Minister Nirmala Sitharaman shied away from giving a direct answer when asked about controversies related to the Adani group. He said that the Government of India keeps distance from the matter of companies. The Finance Minister said that the allegations made by the American short seller company Hindenburg Research against the Adani group will be investigated by a committee monitored by the Supreme Court. In such a situation, when the judiciary is looking into the matter, it would be inappropriate to comment on it.
These allegations were made on Adani group
Hindenburg Research had released a detailed report on 24 January regarding the Adani Group. In the said report, several serious allegations were made against the Adani group by Hindenburg. Hindenburg had accused the Adani group of doing the biggest scam in the stock market. Apart from this, there were allegations of influencing the prices of shares and irregularities in funding of the group. Hindenburg had also talked about huge debt on the Adani group. However, the Adani group had termed all the allegations of Hindenburg as baseless and motivated by the agenda.
Political enthusiasts have intensified
After the Hindenburg report came out, the enthusiasm in the political corridor of the country has increased. Prominent opposition leader Rahul Gandhi is constantly attacking the government and the Adani group regarding this. Rahul Gandhi is repeatedly repeating an allegation that the Adani group has received funding of Rs 20,000 crore from shell companies. The Adani group has also clarified these allegations and has made public the account of the funding raised during the last three years. Taking a dig at such allegations, the group said that there is an interesting competition going on to destroy it.
India can buy more oil from Russia
Finance Minister Nirmala Sitharaman is currently on a trip to America. During this, she is participating in various programs. He has given interviews to many media organizations during this visit and has talked in detail on various issues. In one such interview, he clarified India’s stand on crude oil being bought from Russia. He bluntly said that crude oil is very sensitive from the point of view of India’s economy and due to this, wherever a better deal is available, India will redeem it. He clearly indicated that if the price of crude oil increases due to the production cut of OPEC plus countries, then India will not mind buying more from Russia.
Finance Minister told India’s stand
Many people are criticizing India’s decision to buy crude oil from Russia amidst the ongoing war in Eastern Europe. Leaders of western countries and western media are prominent among those who criticize. Although India has kept its stand clear from the beginning. External Affairs Minister S. Jaishankar has clarified India’s position in this regard from many forums. He has reiterated that if Europe has no problem in buying gas from Russia then why should India refrain from buying crude oil… that too when India is faced with a booming economy and a huge task of meeting the energy needs of 1.3 billion people. There is responsibility. The Finance Minister has also maintained the same stand in the latest conversation.
read this also: Will Adani Group Stocks Fly Higher? Now pledged shares redeemed
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