By Tanishka Sodhi / News Laundry
A trail of shell companies, two proxy investors and Indian market regulator SEBI’s alleged oversight – the Adani Group was in the eye of yet another storm last week. And as the conglomerate rushed to defend itself, its new media acquisition NDTV tried to chip in with cover fire.
Possibly incriminating details, obtained by the OCCRP and shared with the Guardian and Financial Times, had pointed to stock manipulation by four Adani companies between 2013 and 2017, reasserting a charge made by the controversial Hindenburg report released earlier this year.
A political war of words then raged on. While the BJP said India’s growth was an “eyesore” for many, Congress leader Rahul Gandhi held a press conference on August 31, on the sidelines of the opposition INDIA bloc’s Mumbai meet, to renew his party’s demand for a joint committee probe, claiming the “country’s reputation was at stake”.
This story was originally published in newslaundry.com. Read the full story here
