According to the Adani Group, the funds in question came from the sale of their stake in Adani Total Gas. They have also clarified that these entities were not obscure, as they are promoter-held.
This statement comes in response to Rahul Gandhi’s accusations made during a press conference earlier this week. The Congress leader had alleged that the Adani Group had received money from “obscure sources” and questioned the government’s ties to the conglomerate.
However, the Adani Group has denied these allegations, stating that the funds in question were received from the sale of their stake in Adani Total Gas, a company listed on the stock exchange.
Furthermore, the Adani Group has also clarified that the entities involved in the transaction were not obscure, but were in fact promoter-held entities. They have also claimed that the transaction was conducted in a transparent and lawful manner.
The Adani Group is a large conglomerate with interests in various sectors, including infrastructure, energy, and logistics. It has been in the news recently due to its growing influence in India’s business landscape.
The controversy surrounding the group has led to increased scrutiny from the media and the opposition, with allegations of crony capitalism and government favoritism being leveled against them.
However, the Adani Group has maintained that it has followed all the necessary laws and regulations in its operations and that its success is due to its hard work and business acumen.