Delhi News

Adani row: Congress to launch nationwide protests outside LIC, SBI office on Monday

Congress said that the protest would be carried out as the Opposition was not given “even a minute” to raise the Adani issue in Parliament.

New Delhi,UPDATED: Feb 5, 2023 23:55 IST

Congress to stage protests outside SBI banks in Delhi on Monday. (Representational Image)

By India Today Web Desk: Against the backdrop of the controversy about the Adani Group over allegations of financial irregularities and market manipulation, Congress has called for nationwide protests outside State Bank of India (SBI) branches and Life Insurance Corporation (LIC) offices on Monday. The party’s youth wing is also slated to organise a demonstration on the issue in Delhi outside the banks located at Parliament police station.

While Congress MPs will protest near the Gandhi statue inside Parliament, as per news agency ANI.

The announcement came a day after Congress general secretary KC Venugopal said the party will stage a nationwide protest in front of LIC and SBI offices across the country on February 6. In Parliament, the Opposition alleged that the recent fluctuation in Adani Group shares is a scam that involves common people’s money as public sector LIC and SBI have invested in them.

ALSO READ | Committed to ensuring market integrity, measures in place to address volatility: Sebi

Congress said that the protest would be carried out as the Opposition was not given “even a minute” to raise the Adani issue in Parliament.

The grand old party sought answers from the government, alleging that the Modi government’s “loud silence” over the issue “smacks of collusion”.

Adani group stocks have taken a beating in the Indian share market after a US-based short-seller firm, Hindenburg Research, made a litany of allegations against the conglomerate, including fraudulent transactions and share price

The conglomerate’s share prices plunged, losing more than half of its market value since Hindenburg Research levelled allegations pertaining to tax havens, laundering and stock manipulation.

ALSO READ | ‘Hum Adani ke hain kaun’: Congress questions PM Modi’s silence on Adani Group stock rout

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