Congress spokesperson Pawan Kheda said that PM Modi is the ‘Prime Mentor’ of Adani ji. They are just silent now. The Congress spokesperson said that Modi ji, whether you cheat your ‘best friend’ or not… you know that. He said that do not cheat the investors of India, policy holders of LIC and account holders of SBI. Your silence tells – you are cheating.
Biggest corporate fraud allegation
The Congress spokesperson said that the report of the prestigious Hindenburg Research of America has accused the Adani group of the biggest corporate fraud this country has ever seen. The 42x overvalued stock in this report is a debt fueled business. The Congress leader said that serious allegations of insider trading, stock manipulation have also been made. He said that Adani Group has a debt of about Rs 80,000 crore from Indian banks. This is 38% of the total debt of the group. Out of this, the risk of private banks is 8 per cent of the total group loans. While public sector banks have 30% of group loans.
Adani connection of Chinese company
The Congress spokesperson said that Chinese businessman Chang Chung-Ling runs (or used to run) an organization called Goodami International. He said that the Hindenburg Research report has pointed out that Gudami International Pte Ltd has been accused of alleged fraud with the Adani Group. The Singapore home address of Chang Chung-ling and Vinod Adani is the same. As per the Hindenburg Research report, this is important not only for the shareholders but also for India’s national security. Pawan Kheda said that when Rahul Gandhi talks about Suit Boot Ki Sarkar, Hum Do, Hamare Do and now Mitra Kaal, he is not talking about any particular industrialist. Rahul Gandhi talks about the system that this government has employed to loot the country’s valuable assets to its chosen friends.