Adani's foreign forays can threaten national security vis-a-vis China: Cong

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Adani's foreign forays can threaten national security vis-a-vis China: Cong - Business Standard

Quick Summary:

His remarks come after the Adani Group formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing.

Adani is now globally well known", Ramesh alleged."This subordination of India's foreign policy interests to the Adani group's commercial interests has led to unprecedented reversals for India on the global stage.

In 2017, a ship owned by Chung-Ling's family was caught smuggling oil to North Korea in a violation of UN sanctions - it emerged that the smuggling ship's operation were partly financed by a firm owned by Shanghai Adani Shopping Company," he alleged."This Shanghai Adani Shipping Company has done business with Adani Global and the Chung-ling owned Hi Lingos, alongside another firm called Adani Shipping (China) Company (aka Dalian Adani Shipping).