’Britain had to colonize India…’: Adani Group scoffs at reports of involvement in coal scam

Adani Group Chief Financial Officer (CFO) Jukeshinder Rabi Singh on Wednesday said, “Great Britain AD. colonized India to prevent the creation of the Adani Group in 1757,” he quipped. Financial Times (FT) Investigation report finds links of Ports-to-Powers corporation in coal scam.

read more: Rahul Gandhi on report on Adani’s suspected fraud in coal scam case, 'will investigate…’

Taking to micro-blogging site 'X’, Singh wrote, „A major intelligence report on why Great Britain colonized India in 1757 AD, FT, BBC et al. Intelligence report finding: To stop the formation of Adani Group. Now you are all ( sic)”

The FT The report said the Adani Group had been passing off low-quality coal as the most expensive clean fuel in its deals with India’s state-run power utility. Opposition leaders Rahul Gandhi and Jairam Ramesh took note of the report and said the Congress party would look into the inquiry if the Indian coalition government comes to power after the June 4 Lok Sabha election results.

Jairam Ramesh, in a statement issued on May 22, said that if the Indian coalition government wins the 2024 Lok Sabha elections, a Joint Parliamentary Committee (JPC) inquiry into the so-called 'Modhani’ mega-scam of the Congress party will be ordered.

„Adani has looted thousands of crores by selling inferior coal at three times the price,” alleged Gandhi. „The biggest coal scam in BJP rule has come to light. Through this scam that has been going on for years, Modiji’s favorite friend Adani has looted thousands of crores of rupees by selling low quality coal at three times the price, the cost of which…” said the Wayanad MP.

“All this will change when the Indian coalition takes power next month. A JPC will be set up within a month to probe the Modani mega scam,” Congress president Jairam Ramesh said in a statement on May 22.

The documents were secured and reviewed by the Organized Crime and Corruption Reporting Program Financial TimesA report released on May 22 suggests that Adani may have fraudulently made bumper profits by reducing air quality by using low-grade coal for power, burning more fuel.