'No Connection with government in Adani matter': Pralhad Joshi as opposition demands probe

Amid the ongoing crisis over the Adani dispute, Union Minister Pralhad Joshi on Friday strongly denied any nexus between the central government and the Adani group. The comments of the union ministers came after opposition parties asked a joint parliamentary committee (JPC) to investigate alleged irregularities involving Adani companies.

"There is no relationship between the Adani group and the government. The opposition has no problem and therefore it is raising the issue unnecessarily," said Pralhad Joshi.

Opposition demands probe

Opposition parties met on Friday morning to coordinate their strategy against the government in Parliament amid the collapse of Adani Group shares. Parliament was also suspended for a day after the riot.

Adani Group stock crash sparks major controversy, opposition parties demand debate in parliament on risks to Indian investors from falling Adani Group shares following fraud allegations by US short seller Hindenburg Research. The opposition parties have also requested an investigation by a joint parliamentary committee or a committee appointed by the Supreme Court.

Adani Group's CFO, on the other hand, previously called the Hindenburg report "a damaging combination of selective disinformation and outdated, baseless and unreliable claims that have been tested and rejected by the highest courts of India".

Power Minister Responds to Opposition Allegations

Following the political uproar over Adani Enterprises, Union Power Minister RK Singh said there was no need to discuss the issue as it did not concern the central government.

Speaking exclusively to The Republic, Singh said: "I don't know why the opposition is fussing over the Hindenburg report. There is no need to discuss it at all. Why should we worry about the company's FPO leaving? We have many companies in our hands."