Congress protest nationwide over Adani Hindenburg row

Members of Congress in Telangana staged a protest outside the State Bank of India office in Hyderabad over the Adani issue.

The Congress on Monday launched a countrywide campaign over the Hindenburg-Adani row by staging protests in different parts of the country.

The Congress also held a protest in Jammu over the Adani issue.

A video showed protesters clashing with the police, who were raising anti-BJP slogans.

A protest was also held by NSUI (National Students Union of India), the student wing of Congress in Delhi who were demanding a Joint Parliament Committee probe over the Adani row.

Images starting to emerge showed protesters carrying placards climbing over police-erected barricades meant to stop the demonstrations.

The opposition claims that the middle class’s savings have been significantly impacted by the Adani group’s investments in public sector banks like the SBI and LIC.

On Monday, opposition parties demonstrated outside of Parliament near the Gandhi statue and called for a Joint Parliament Committee investigation or a Supreme Court-monitored investigation into the Hindenburg-Adani dispute.

To plan a course of action regarding the Adani controversy and other issues, opposition parties gathered in the parliamentary chamber of their leader, Mallikarjun Kharge.

Congress, DMK, NCP, BRS, JD(U), SP, CPM, CPI, Kerala Cong (Jose Mani), JMM, RLD, RSP, and AAP were among the participants in the meeting.

A report by a US-based Hindenburg Research surfaced on January 24, claiming that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.

The report triggered a sell-off of shares of all Adani Group companies.

Although the Congress is getting the support of other opposition parties on the Adani issue, it has to be seen whether the parties such as the Bharat Rashtra Samithi, Aam Aadmi Party and Trinamool Congress, which are seen together in the meetings, will join the Congress demonstration or extend moral support.

However, the Bahujan Samaj Party (BSP) and Janata Dal (Secular) have kept their distance from Congress on this issue.