JPC urgent to probe full extent of corruption in Adani case: Congress

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JPC urgent to probe full extent of corruption in Adani case: Congress - Business Standard

Quick Summary:

The Congress on Wednesday reiterated its demand for a Joint Parliamentary Committee probe into the Adani issue, saying it is needed urgently to unearth the full extent of the corruption, monopolisation and glaring gaps in the country's regulatory system.

Congress general secretary in-charge communications Jairam Ramesh cited a media report and said the latest in the "Modani magic" is the rags-to-riches journey of a private power infrastructure firm.

By 2022, it was taken over by Mr Gautam Adani's brother-in-law, at the price of paying Rs 501 crore to the lenders, for a company with a market cap of Rs 1,000 crore," Ramesh said in a post on X.