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The Hindu
The Hindu
National
The Hindu Bureau

Companies that compete with Adani group for ‘prized’ assets face raids from CBI, ED and Income Tax, alleges Congress

ED CBI Adani Adani Group Income Tax Sanghi Industries Jairam Ramesh Narendra Modi Shree Cement Ambuja Cements

Commenting on the take-over of Sanghi industries by Adani Group-owned Ambuja cements, the Congress on Saturday claimed that the latest acquisition reinforces their allegation that the investigation agencies are being misused by the Narendra Modi government to “enrich its crony capitalists friends”.

In a statement, Congress general secretary Jairam Ramesh said, “In our Hum Adani ke Hain Kaun (HAHK) series of 100 questions for Prime Minister Modi, the Congress party had pointed out how the Adani Group has repeatedly profited from well-timed, Modi-made raids by investigative agencies on its business competitors. The latest episode involves the takeover of Sanghi Industries by the Adani-owned Ambuja Cements”.

“Aap chronology samjhiye: April 28, 2023: India’s third-largest cement producer Shree Cement is reported to be in talks to acquire Sanghi Industries. June 21, 2023: Income Tax Department launches raids against Shree Cement at five locations. July 19, 2023: Shree Cement exits race to acquire Sanghi Industries. August 3, 2023: Adani-owned Ambuja Cements announces it has acquired Sanghi Industries,” Mr. Ramesh added.

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