The Congress hit out at the Securities Exchange Board of India on Tuesday, citing media reports and asking whether the regulator, which is investigating allegations against the Adani group, is planning to let off the conglomerate with “token fines for technical violations”.
In a statement posted on X (formerly Twitter), Congress communications chief Jairam Ramesh said that if the media reports were true, then “India’s transition to a kleptocracy will be complete”. Mr. Ramesh also alleged that the message was clear, that India’s institutions would be rendered toothless while its investigative agencies would be used only to protect Prime Minister Narendra Modi’s “close friends”.
