Cong alleges SEBI 'reluctant' to probe allegations against Adani group, renews demand for JPC
New Delhi (PTI): The Congress on Wednesday alleged that the SEBI is "reluctant" to investigate the allegations against the Adani group and said the only way forward is a joint parliamentary committee probe to bring out the truth.
Congress general secretary Jairam Ramesh cited a media report to say that the "stench of illegality" around another Adani-linked shell company - Opal Investment - is getting stronger.
He claimed there are "fresh revelations" that the firm, which controls Rs 8,000 crore worth of equity in Adani Power, was set up as a "single person company" in Dubai in May 2019.
"This raises several serious questions. How does a single-person firm based in Dubai come to control 4.7% of equity worth Rs 8,000 crore in Adani Power, India's largest private power generation firm? Is Opal not yet another Adani front engaged in illegal round-tripping and blatantly violating Indian securities laws," he asked in a post on X.
"And why is it doing so, whose funds are these actually? What are PM Modi's retirement plans after May 2024," he also asked.
He said the "glacial and reluctant" SEBI investigation doesn't seem to be producing any answers and renewed the Congress' demand for a JPC probe.
"The only way forward is a JPC that investigates the full story behind the mega Adani Scam," Ramesh said while tagging the news report.
The Congress has been demanding a JPC probe into the allegations of "stock price manipulation" and financial irregularities against the Adani group made by US research firm Hindenburg that the Adani group has denied as baseless.
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Thumbay Group begins work on Sharjah’s first private integrated psychiatric, rehabilitation hospital
Sharjah: Thumbay Group has laid the foundation stone for the Thumbay Psychiatric and Rehabilitation Hospital at Sharjah Healthcare City, a 120-bed facility that the company says will be the region’s first private, fully integrated hospital dedicated to psychiatric care, neuro-rehabilitation and addiction recovery.
The groundbreaking ceremony was led by Dr. Abdelaziz Saeed Al Mheiri, who is also a member of the Sharjah Executive Council, in the presence of Dr. Thumbay Moideen.
Spread across 110,000 square feet, the hospital is being developed to address growing demand for specialised mental health and rehabilitation services in the UAE and the wider Gulf region.
The facility will include inpatient and outpatient services in psychiatry, neuro-rehabilitation, addiction treatment, child and adolescent mental health, and care for mood and anxiety disorders. It will also feature VIP inpatient villas designed to provide privacy and support long-term recovery.
A mosque, named the Thumbay Masjid, will be constructed within the campus and will be open to the public.
The hospital is being designed to meet standards for Commission on Accreditation of Rehabilitation Facilities (CARF), an internationally recognised accreditation system for rehabilitation facilities.
Speaking at the event, Dr. Abdelaziz Saeed Al Mheiri said the project reflects Sharjah’s commitment to strengthening healthcare infrastructure in all aspects of wellbeing.
“Mental health and rehabilitation have long needed dedicated infrastructure, and we are proud to support a private partner whose vision matches the ambition of this Emirate,” he said.
Dr. Thumbay Moideen said the project was a response to a growing need for specialised mental healthcare services in the region.
“We have spent over three decades building healthcare in this region, and the one conversation that has grown louder every year is mental health. Families have been carrying this quietly for too long. This hospital is our answer. It is purpose-built, not retrofitted, and it has been designed around dignity, recovery, and outcomes that families can trust,” he said.
Construction is scheduled to begin in June 2026, and the hospital is expected to become operational by mid-2027.
Once completed, the facility will become part of Thumbay Group’s network of healthcare, education and diagnostic institutions across the UAE.
