NDA sweeps bypolls to four assembly segments in Bihar
Patna (PTI): The ruling NDA in Bihar on Saturday swept the bypolls to four assembly segments, retaining Imamganj and wresting from the INDIA bloc Tarari, Ramgarh and Belaganj, receiving a boost ahead of the assembly elections due next year.
Candidates of the Jan Suraaj, floated recently by former political strategist Prashant Kishor with much fanfare, lost deposits in all but one seat, in a clear indication that the fledgling party, despite claims of taking the political landscape in the state by storm, needs to cover much ground.
The biggest setback for the INDIA bloc, helmed by the RJD, came in Belaganj, a seat the party had been winning since its inception in the 1990s, but this time lost to the JD(U) headed by Chief Minister Nitish Kumar, the arch-rival of its founding president Lalu Prasad.
The JD(U) candidate Manorama Devi, a former MLC, defeated by a margin of more than 21,000 votes RJD’s Vishwanath Kumar Singh who made his debut from a seat that fell vacant upon election to Lok Sabha of his father Surendra Prasad Yadav, a multiple term MLA.
The margin of victory was greater than the 17,285 votes polled by Mohd Amjad of Jan Suraaj, whom the RJD may have liked to blame for its defeat by causing a split in Muslim votes.
JD(U) national spokesman Rajiv Ranjan Prasad said, "The people of Bihar deserve kudos for rejecting the negativity of the opposition and reposing their trust in Chief Minister Nitish Kumar. Under his leadership, the NDA will win more than 200 seats of the 243-strong assembly in 2025."
The RJD also suffered an embarrassing defeat in Ramgarh, where Prashant Kishor’s prediction of the party “finishing third or fourth” came true. The forecast had caused Sudhakar Singh, son of state RJD president Jagadanand Singh, the MP from Buxar who had won the assembly seat in 2020, to threaten that Jan Suraaj cadres in the constituency will be “beaten up with sticks”.
Singh’s younger brother Ajit finished a distant third after BJP winner Ashok Kumar Singh, a former MLA, and Satish Kumar Singh Yadav who fought on a ticket of the BSP, which has little foothold in Bihar.
Jan Suraaj, though, was hardly a factor in Ramgarh, where its candidate Sushil Kumar Singh polled less than four per cent votes.
The BJP also pulled off a stunning victory in Tarari, which falls under the Arrah Lok Sabha seat, currently represented by CPI(ML)’s Sudama Prasad, who had won the assembly segment for two consecutive terms.
CPI(ML) candidate Raju Yadav lost, by a margin of a little over 10,000 votes, to BJP debutant Vishal Prashant, better known as the son of local strongman Sunil Pandey, who was formerly with the JD(U) and had joined the saffron party a few months ago.
Jan Suraaj had initially announced that it was fielding a former Vice Chief of the Army in Tarari but later disclosed that he could not contest because of technical reasons. Its candidate Kiran Singh got less than four per cent votes.
The most respectable performance from Jan Suraaj came in the reserved Imamganj seat where its candidate Jitendra Paswan stood third, polling well over 20 per cent votes.
The seat, however, went to Deepa Kumari, daughter-in-law of Union minister Jitan Ram Manjhi, who defeated RJD’s Raushan Kumar by a slender margin of less than 6,000 votes.
Manjhi, who heads the Hindustani Awam Morcha, vacated Imamganj earlier this year upon getting elected to Lok Sabha from Gaya.
With the exception of Ashok Singh in Ramgarh, the winners in all the seats shall be making their debut in the state assembly.
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None of Adani portfolio companies subject to any legal case: Group CFO on promoter indictment in US
New Delhi, Nov 23: None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US.
In a post on X, Singh said the group would make a detailed comment on the US indictment once it gets counsel approvals.
Adani and seven other defendants, including his nephew Sagar Adani, allegedly agreed to pay about USD 265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that were expected to yield USD 2 billion of profit over 20 years, according to an indictment unsealed in a New York court on Wednesday.
The Securities and Exchange Commission of the US has also charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd and Cyril Cabanes, an executive of Azure Power Global, for "conduct arising out of a massive bribery scheme".
"There is a lot of news and reports that will try to pick unrelated items and create a headline. My humble request is that we will respond in the fullness of time once we review in detail the matter as presented in the legal filing," Singh said.
He hastened to add that no court has ruled on the indictment, and as outlined by lawyers of the US Department of Justice, these are "allegations and the accused have a presumption of innocence".
The CFO, who was the first line of defence when US short-seller Hindenburg Research had accused the ports-to-power conglomerate of fraud in January 2023, said the group became aware of the "specificity" of the US indictment against founder and chairman Gautam Adani two days ago.
"We were aware that something is afoot (and in February 2024 144a offering circular in Risk Factors we disclosed as such. This was the first public issuance of any of our portfolio companies or their subsidiaries or joint venture companies after our annual results of 31st March 2023)," he said.
He, however, did not state what the company had disclosed in February 2024.
Adani Group, he said, has a portfolio of 11 public companies and "none are subject to indictment (i.e. defendants in any legal proceedings in the recent DOJ lawyer filings to a court in NYC)".
"None of the issuers (i.e. companies in our portfolio or specific issuers that are subsidiaries of the public companies) are accused of any wrongdoing in the said legal filing," he said.
The indictment "relates to one contract of Adani Green, which is roughly 10 per cent of overall business of Adani Green (there is a lot more precise and comprehensive detail of this which we will elaborate in an appropriate forum)," he said.
The statement comes two days after Gautam Adani was charged by US prosecutors over his role in an alleged years-long scheme to pay USD 265 million (about RS 2,200 crore) bribes to Indian officials to secure solar energy contracts. The conglomerate has denied the allegations, calling them baseless, and announced plans to seek legal recourse.
The Adani Family has 11 listed entities on the Indian stock exchanges - flagship incubator Adani Enterprises Ltd, electricity producer Adani Power Ltd, ports company Adani Ports & SEZ, power transmission firm Adani Energy Solutions Limited, renewable arm Adani Green Energy Ltd (AGEL), city gas distributor Adani Total Gas Ltd, commodities firm Adani Wilmar Ltd, media firm New Delhi Television Ltd and cement companies Ambuja Cements Limited, ACC Ltd, and Sanghi Industries Ltd.
"There is a lot of news and reports that will try to pick unrelated items and create a headline. My humble request is that we will respond in the fullness of time once we review in detail the matter as presented in the legal filing (Please note that no court has ruled on this and as outlined by lawyers of DOJ these are 'allegations and accused have a presumption of innocence'). We will make a more detailed comment once we get counsel approvals to discuss what we can in public on a matter that is sub-judice," he added.
