BJP has nothing to hide: Shah on Adani row

NT Correspondent

New Delhi: The Bhartiya Janata Party has “nothing to hide or be afraid of ” in connection with the controversy over Adani Group, Union Home Minister Amit Shah said on Tuesday in response to Opposition allegations of favouring the conglomerate.

Led by billionaire Gautam Adani, the business house’s seven listed companies bearing his name have together lost about $120 billion in market value since a Jan. 24 report by Hindenburg Research alleged improper use of offshore tax havens and stock manipulation.

The Adani group has denied the allegations and threatened legal action against Hindenburg. Replying to a question on the opposition’s allegations of the BJP favouring Gautam Adani and his conglomerate, Shah told a news agency in an interview, “The Supreme Court has taken cognizance of the matter.

As a minister, if the Supreme Court is seized of the matter it is not right for me to comment. But in this, there is nothing for the BJP to hide and nothing to be afraid of.” He denied allegations of crony capitalism and suggested to the opposition to go to court if they had proof.