PNS | New Delhi
Opposition parties Thursday sought a debate in Parliament and a probe by a joint committee into the fraud-allegation-triggered rout in Adani group company stocks, forcing adjournment of proceedings in both the Lok Sabha and Rajya Sabha in the pre-lunch session.
The Congress, Shiv Sena, the Left, Aam Aadmi Party and other opposition parties tried to raise in both Houses of Parliament the issue of allegations levelled by a US short seller against the Adani group and the subsequent mayhem on company stocks but were disallowed by the chair.
Unhappy with the ruling, they raised slogans, forcing the adjournment of proceedings till 2 pm without transacting any official business.The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks. Adani group stocks, where LIC is heavily invested,
have lost over USD 100 billion in value since a tiny New York short seller came out with a damning report alleging financial and accounting fraud by the ports-to-energy conglomerate. The Adani group has denied all charges and called the report malicious and full of lies.
