Joint parliamentary committee should investigate Adani row: BRS MLC K Kavitha

Bharata Rashtra Samithi (BRS) MLC Kalvakuntla Kavitha on Monday demanded that a Joint parliamentary committee (JPC) should be formed to investigate Adani Group row.

File photo of Bharata Rashtra Samithi (BRS) MLC Kalvakuntla Kavitha.

By Apoorva Jayachandran : Bharata Rashtra Samithi (BRS) MLC Kalvakuntla Kavitha on Monday said that a Joint Parliamentary Committee (JPC) should be formed to investigate the fall of the Adani Group’s stock prices.

Kavitha, while speaking to the media at the Telangana Legislative Council premises said, “Today in the country we are facing a huge crisis. We should definitely call it a crisis as the fall of the Adani group’s shares and the value of the company will impact the country’s economy.”

MLC K Kavitha criticised the statement of Union Finance minister Nirmala Sitharaman who said that it would not impact the Indian economy.

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The Adani group’s shares saw a massive downward spiral after a Hindenburg report found that the company’s valuation was inflated fraudulently.

“The value of shares of SBI and LIC that invested in the Adani Group has fallen sharply since January 23 till date. It has caused a severe loss to the common man. The share value of Adani on January 23 was Rs 3,436. Now the share value of the group has fallen to Rs 1,483 on February 6. The BRS party demands to form a Joint Parliamentary Committee in which every parliamentarian from all political parties can take part,” stated Kavitha.

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Adding that there should be an impartial probe when something impacts the country so deeply, Kavitha stated, “It’s the responsibility of the prime minister morally and socially to speak out to the country and to the people so that Adani’s fiasco would not turn into an economical disaster.”

It is the moral of the prime minister of this country to speak to the people of the nation, Kavitha said.