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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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
