Allegations over Adani group should be looked into: Bihar CM

BIHAR: Chief Minister OF Bihar, Nitish Kumar today, February 4, asserted that allegations of fraud against entities owned by billionaire Gautam Adani 'should be looked into'.

In response to questions from journalists regarding the political controversy surrounding the claims that shook the procedures of Parliament, Nitish  Kumar made the allegation in the Kishanganj district, which he visited as part of his statewide "Samadhan Yatra."

I have heard about it, yes. The viability of Adani's business strategy has been questioned. It is important to investigate the situation now that it has come to light (haan kuchh sune hain, dekh rahe hain, uske kaam ka kuchh khas matlab nahin hai. The JD(U) supreme leader remarked, "Ab to aa hi gaya sab kuchh Prakash mein to isko dekhna chahiye"
Incidentally, the CM snapped relations with the BJP less than 6 months ago and his party has joined the opposition in demanding a Joint Parliamentary Committee probe into the alleged fraud involving the businessman perceived to be near to the ruling National Democratic Alliance at the Centre.

Parties like the Congress have also claimed that Public Sector Organizations like the LIC were "forced" to make significant investments in the Adani group, which has experienced an unheard-of decline in its stock price. The Adani company has insisted that Hindenburg Research's damaging analysis was "malicious" despite its US location.

Adani FPO withdrawal has no impact on India's macroeconomic fundamentals: FM

Here’s what Adani M-Cap changed since Hindenburg report


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