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The Hindu
The Hindu
National
The Hindu Bureau

Adani group likely overbilled coal consumers by 12,000 crore: Congress

The Congress has alleged that the Adani group may be behind the biggest scam modern India has seen. On Friday the Congress said fresh revelations indicate that more than Rs 12,000 crore may have been siphoned out of the country in two years.

Congress general secretary Jairam Ramesh claimed that this was “not a metaphorical loot but literally theft” from the pockets of crores of Indians. He said the latest revelations in the Financial Times, that examined 30 Adani coal shipments between 2019 and 2021 amounting to 3.1 million tonnes, found a 52 per cent profit even on a low margin business like coal trading.

Mr Ramesh also accused the BJP government of “helping” the Adani group acquire assets and “the BJP is kept flush with electoral bond funds which allows it to buy MLAs at will and break opposition parties”.

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