Overview
- Congress leader Jairam Ramesh referenced fresh OCCRP findings alleging that Adani associates Chang Chung-Ling and Nasser Ali Shaban Ahli used benami and offshore structures to build large stakes in group companies.
- He said the associates reportedly told a Swiss bank they held far larger shareholdings than previously known, including about $3 billion in Adani stocks via hedge funds until 2023.
- Congress argued that SEBI has shown no visible progress in 22 of 24 Adani-linked matters, including alleged insider trading, minimum public shareholding violations and 13 suspicious transactions flagged to the Supreme Court in 2023.
- The party renewed its demand for a Joint Parliamentary Committee and accused Prime Minister Narendra Modi of blocking scrutiny of the conglomerate.
- While the Adani Group has consistently denied the allegations, Congress also highlighted claims of ₹20,000 crore routed through shell entities, ₹12,000 crore siphoned via over‑invoiced coal imports, and a reported $250 million solar‑contract bribery probe said to be under U.S. review.