‘Hit job on Adani was Chinese vengeance’: BJP leader's claim over Hindenburg row
- In Reports
- 11:50 AM, Jul 20, 2024
- Myind Staff
Senior lawyer and Bharatiya Janata Party leader Mahesh Jethmalani has claimed that the Hindenburg Research report against billionaire Gautam Adani's conglomerate was a "hit job" orchestrated by China, seeking "vengeance" for losing out on contracts for developmental projects. Jethmalani has also called on the central government to investigate the matter, specifically examining any connections between political voices and China.
“Now that there's an established Chinese hand behind the Hindenburg hatchet job on the Adani group it behoves the GOI to probe the linkages between the loudest political voices that pre and post the publication of the Hindenburg report savaged the government for its 'crony capitalism,” Jethmalani said.
“The hit job on the Adani group was Chinese vengeance for losing out on strategic mining and infrastructure project bids, one of the most crucial of which was the bid for the Israeli port of Haifa,” the top lawyer alleged.
He stated that many Indian politicians appeared “aggrieved” by the success of the Adani Haifa port and accused them of supporting a “hostile nation” through their actions.
“Shockingly some Indian politicians seemed deeply aggrieved by Adanis Haifa port success- a strategic acquisition key to the viability of IMEC- an economic corridor of India, the Middle East and Europe meant to compete with and improve upon China's BRI-Belt and Road Initiative. This wilful support for a hostile nations debt trap initiative at the cost of the IMEC initiative cannot but lead to a strong inference that a part of our political class is bent upon aligning itself with Chinese strategic interests,” Jethmalani said.
"Add to this the colossal loss to retail investors by an influential and wealthy Chinese American mired in espionage controversy for the Chinese State in the US and the case for an investigation into Chinas flag bearers in India is compelling," he further added on his social media platform X.
In January last year, Hindenburg Research released a report against the Adani Group, accusing the company of financial irregularities and stock market manipulation. This led to a significant drop in the company's stock price, with Gautam Adani's net worth plummeting by $24.9 billion in a single day.
Despite this, the Adani Group has consistently maintained that it complies with all laws and disclosure requirements.
Image source: ANI
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