Gautam Adani meets Pawar amid Oppostion demand for JPC probe

The meeting, held at Pawar's residence in Mumbai, lasted for nearly two hours

Sharad Pawar,Adani
Sharad Pawar is the first Opposition leader to back Adani after the controversy broke out

Industrialist Gautam Adani met Nationalist Congress Party (NCP) president Sharad Pawar at the latter’s residence here on Thursday amid the Opposition’s demand for a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue.

The meeting, held at Pawar’s residence Silver Oak in Mumbai on Thursday morning (April 20), lasted for nearly two hours, sources said.

Earlier this month, Pawar had come out in support of the Adani group and criticised the narrative around the US short seller Hindenburg Researchs report on the conglomerate.

Taking a position at variance from senior ally Congress, Pawar had said he favoured a Supreme Court committee to probe allegations against the Adani group since the ruling Bharatiya Janata Party (BJP) would have a majority in the JPC based on numerical strength in Parliament and this would lead to doubts on such a probe.

The NCP supremo had later said although his outfit does not agree with the demand of anti-BJP parties for a JPC probe into allegations against the Adani group, it will not go against their stand for the sake of Opposition unity.

Also Read: Pawar first Opposition leader to back Adani

The Supreme Court had last month ordered the setting up of a six-member committee headed by a former apex court judge to look into various regulatory aspects for stock markets, including the recent Adani group shares crash triggered by Hindenburg Research’s fraud allegations.

The Hindenburg Research has made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.