Billionaire industrialist Gautam Adani met Nationalist Congress Party chief Sharad Pawar at his Mumbai residence Thursday amid the Opposition’s demand for a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue, sources told news agency PTI. Currently, Adani is battling controversy after short seller Hindenburg Research’s report alleging financial malpractice and stock manipulation by the Adani Group.
The two spoke for nearly two hours, the same sources indicated.
The meeting took place after Pawar last week seemed to back down from an earlier statement – that allegations against Adani be probed by a Supreme Court-monitored team – and said he had ‘no objection’ to the Congress-led opposition’s call for inquiries by a joint parliamentary committee.
“I believe a probe should be conducted… but a JPC will be constituted based on the strength of political parties in Parliament. So, if a 21-member JPC is formed… 14-15 will be from BJP as it has over 200 MPs in the Lok Sabha… (only) the remaining six-seven (will be) from the opposition. The question is – how effectively can these six people work in that committee?” Pawar had reasoned.
“Despite that, if all opposition parties want a JPC to be formed… I have no objection to it.”
The Supreme Court last month set up a six-member committee led by a former judge to probe regulatory aspects of stock markets and make necessary recommendations and suggestions.