NEW DELHI: Congress on Wednesday launched an attack on PM Modi, highlighting a report in the Financial Times, London, which claimed Adani Group allegedly bought low-quality coal from Indonesia in 2014 and sold it at three times the price in India. It promised to set up a joint parliamentary panel to probe the “scam” if INDIA bloc forms govt.
Adani sold low-grade coal at 3x price: Rahul Gandhi
Rahul Gandhi, in a post on X, questioned the silence of ED, CBI and I-T in a case of “open corruption”.”As the election momentum of the INDIA coalition accelerates, the tempo of revelations about the Modani mega scam has also picked up,” Jairam Ramesh, general secretary in charge of communications, stated.
“An investigation by the Organised Crime and Corruption Reporting Project (OCCRP), reported by the Financial Times, has found that dozens of shipments of low-quality, high-ash coal bought cheaply by Adani from Indonesia in 2014 were sold fraudulently at three times the price to the public sector Tamil Nadu Generation and Distribution Corporation as high-quality, low-ash coal. Adani made excess profits of Rs 3,000 crore from this while the common person was made to suffer overpriced electricity and elevated air pollution,” he said, citing the report. The report said that invoices showed that the transaction took place in Jan 2014.
Sharing the news report in a post on X, Gandhi alleged, “A big coal scam has come to light in the BJP govt. Though this scam that has been going on for years, Modiji’s dear friend Adani has sold low-grade coal at three times the price and looted thousands of crores. Will the PM tell how many tempos were deployed to silence ED, CBI and I-T…”
Ramesh cited this case to allege that this was “yet another example of the impunity with which the PM’s close friends have enriched themselves in the past decade by violating the law and exploiting the most vulnerable Indians as they are left to struggle for basic needs like cheap electricity and clean air.”
Adani sold low-grade coal at 3x price: Rahul Gandhi
Rahul Gandhi, in a post on X, questioned the silence of ED, CBI and I-T in a case of “open corruption”.”As the election momentum of the INDIA coalition accelerates, the tempo of revelations about the Modani mega scam has also picked up,” Jairam Ramesh, general secretary in charge of communications, stated.
“An investigation by the Organised Crime and Corruption Reporting Project (OCCRP), reported by the Financial Times, has found that dozens of shipments of low-quality, high-ash coal bought cheaply by Adani from Indonesia in 2014 were sold fraudulently at three times the price to the public sector Tamil Nadu Generation and Distribution Corporation as high-quality, low-ash coal. Adani made excess profits of Rs 3,000 crore from this while the common person was made to suffer overpriced electricity and elevated air pollution,” he said, citing the report. The report said that invoices showed that the transaction took place in Jan 2014.
Sharing the news report in a post on X, Gandhi alleged, “A big coal scam has come to light in the BJP govt. Though this scam that has been going on for years, Modiji’s dear friend Adani has sold low-grade coal at three times the price and looted thousands of crores. Will the PM tell how many tempos were deployed to silence ED, CBI and I-T…”
Ramesh cited this case to allege that this was “yet another example of the impunity with which the PM’s close friends have enriched themselves in the past decade by violating the law and exploiting the most vulnerable Indians as they are left to struggle for basic needs like cheap electricity and clean air.”