India Finance
Latest allegations against Adani Group: Paranjoy Guha Thakurta interviews senior Indian opposition MP
Oct 04, 2023
The latest allegations against the Adani Group reflect on the performance of India's market regulator and the government.

Recent media reports have alleged that certain foreign investors in Adani companies are ultimately linked back to the Adani family. The inference is that there have been breaches of a rule stipulating that publicly-listed companies must have at least 25% of their shares held by people or parties independent of the promoters of the company concerned (in this case, the Adani family).

Here, veteran Indian journalist, Paranjoy Guha Thakurta, interviews a prominent opposition member of Parliament, Jawhar Sircar (of the All India Trinamool Congress), about these allegations.

The interview also reflects on the role of India’s stock-market regulator, SEBI, and its relationship with the Indian government. Mr Sircar describes the Indian situation as having a ‘Russian-type oligarchical cosiness’ in a ‘republic of fear’.

Click Here: AdaniWatch interview with senior Congress Party MP over latest allegations against Adani Group - YouTube

The interviewer, Paranjoy, is the subject of numerous lawsuits by the Adani Group. Yesterday (3 October 2023), his home was raided by Delhi police. AdaniWatch is monitoring the situation closely.

Paranjoy Guha Thakurta, subject to several lawsuits by the Adani Group, and raided by the police on 3 October 2023.

More stories See all
EXCLUSIVE: Documents suggest Adani companies over-invoiced power equipment, siphoned money – Part 1
'Our lands and forests have been cruelly snatched away.' Adani's Pelma coal projects.
The 3rd of October 2023: the day that changed the lives of more than 80 citizens of India, including mine
Kodinar's struggle: supplier of Adani cement company a convicted murderer
How Adani won a coal block as the sole bidder in a government ‘auction’