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Congress general secretary Jairam Ramesh, in a statement, dubbed it the ”biggest scam” of modern India. He claimed that this was ”not a metaphorical loot” but ”literally theft” from the pockets of crores of Indians.
He also accused the ruling BJP government of ”helping” the Adani group acquire assets and ”the BJP is kept flush with electoral bond funds which allows it to buy MLAs at will and break opposition parties”.
There was no immediate reaction available from the Adani group on the allegations.
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”But the Shahenshah is mistaken. India will not be captured by Modani. The people of India will answer in 2024,” Ramesh said in his statement.
He said the latest revelations in the Financial Times newspaper which studied 30 Adani coal shipments between 2019 and 2021 amounting to 3.1 million tonnes, found a 52 per cent profit margin even in a low-margin business like coal trading.