Hindenburg would have faced UAPA for the Adani report if it had been in India. Owaisi

Hindenburg would have faced UAPA for the Adani report if it had been in India. Owaisi

For the past 12 days, the Adani Group, helmed by Gautam Adani, has been hit hard by the ‘exposé’ published by US short-seller Hindenburg Report. Adani was forced to withdraw the Follow on Public Offer (FPO) to restore confidence, but nothing else the business has done has resulted in positive news. During the earnings season, the bad news keeps piling up, driving the price of the company’s stock to zero.

Asaduddin Owaisi, leader of the All India Muslim League (AIMIM), blasted Prime Minister Narendra Modi and the BJP on Wednesday for handling the Adani problem, saying, “If Hindenburg were in India, it would have faced UAPA.” The controversy surrounding the Adani-Hindenburg dispute has prevented progress in the Parliament’s Budget Session for the past few days.

In the middle of the impasse in Parliament, Owaisi remarked, “If Hindenburg were in India, it would have been prosecuted under the Unlawful Activities (Prevention) Act (UAPA) for publishing a report regarding the Adani Group.” He made fun of Prime Minister Modi for his association with Gautam Adani and stated, “A is an awful number for you. The fifth place now occupies the whole market.”

Since late January, when US-based short-seller Hindenburg Research claimed that the conglomerate had improperly used offshore tax havens and engaged in stock manipulation, investors have been concerned about various banks’ exposure to the company. The group has dismissed the accusations and refuted any misconduct.

Owaisi criticised the BJP and the Congress, saying, “In India, oligarchs were created by the BJP and the Congress. people who left the nation with enormous riches. Does that list contain the names of the Mughals? And yet, you remain silent.”

The Hyderabad MP questioned during a speech in Congress: “Will the Modi administration eliminate the green from the tricolour? Why do green issues cause the government so much trouble?” “Will PM Modi discuss Chinese interference? Will Bilkis Bano receive justice? “He questioned.

About a power struggle over the selection of judges, Owaisi claimed on Wednesday that the Narendra Modi administration is returning to the “Indira Gandhi period.” He also expressed concern about people in positions of authority making remarks against the “fundamental structure” of the Constitution.

In a discussion over the Motion of Thanks for the President’s address, Owaisi criticised the government for not doing more for minorities and expressed worry about the situation on the India-China border.

“People in constitutional positions are making remarks on the fundamental framework… Collegium has received statements from the law minister… I was the only MP to voice opposition to the NJAC (National Judicial Appointments Commission) Bill when it was introduced, according to Owaisi.

You should follow Indira Gandhi’s example. “You’re reviving Indira Gandhi Era,” he said. “Indira Gandhi stated the judiciary should follow her, and now PM Modi says the court should be loyal to him. The judiciary and the executive have been at odds about who should be chosen to serve on the Supreme Court and other high courts.

Owaisi claimed that the funding allocated for minorities has been reduced by 40% and accused the government of not doing enough for them. He stated, “The President’s speech did not even mention the minorities, who make up 19% of the population.” The Narendra Modi administration “wants Muslim youngsters to be victims of poverty, not to study,” he claimed.

Owaisi also addressed Bilkis Bano, saying, “She has been striving for justice for 20 years, but justice has been withheld from her because of her name.” To prevent the sentences of 11 convicts from being commuted, Bilkis Bano, who was gang-raped and had seven members of her family killed during the Gujarat riots of 2002, has filed a petition with the Supreme Court.

The AIMIM MP claimed that the government is “frightened of China” when speaking about the situation at the India-China border. Would the prime minister accept China’s name? According to a report, India cannot patrol 26 of the 65 patrolling stations. Your fear of China is real. Disengagement took place. He questioned when de-escalation and de-induction would occur.

Discriminatory attitudes cause banks to collapse along with one industry. The LIC shall perish. Who will bring the bank’s and the LIC’s money back? Industrialists shouldn’t be treated differently, yet the BJP is just assisting one industrialist.

Because the public sector LIC and SBI invested in the Adani Group shares, the opposition parties have called the collapse of those shares a “mega fraud” involving ordinary people’s money and have questioned the government’s actions.

Nirmala Sitharaman, the finance minister, said 50 additional airports, heliports, and water aerodromes would be revived in the following stage during her budget statement on February 1. How many of these will Adani ultimately prevail? Will you maintain Adani’s airport’s monopoly, or will you reinstate the UPA rule that limits the number of airports a single operator can operate?

The entire nation has noticed a strong link between PM Modi’s eagerness to assist the Adani Group with government policy and their commercial interests. This trend is prevalent in various industries, including transportation, energy, and agriculture.

edited and proofread by nikita sharma