Kharge suspends trade notice for JPC probe into Adani Group allegations | Latest news India

Article 267 is part of the Rules of Procedure and Conduct of Debates of the Council of States, which allows members to request the suspension of the rules to discuss urgent matters.

“I hereby give notice under Rule 267 of the Rules of Procedure and Conduct of Business of the Council of States (Rajya Sabha),” Kharge’s letter to Rajya Sabha Chairman and Deputy Chairman Jagdeep Dhankhar said .

“…of my intention to move the following motion to suspend the business scheduled for November 25, 2024. That this House suspends Zero Hour and the relevant rules relating to Question Time and other business of the day to discuss the constitution of a Joint Committee of Parliament (JPC) to investigate allegations of misconduct by the Adani Group, including: i. the call of the Solar Energy Corporation of India (SECI), in which the Adani group allegedly paid bribes to state officials to secure lucrative power supply agreements (PSAs), according to a U.S. court indictment,” the letter states.

Kharge’s letter also said there should be a discussion on allegations of widespread stock manipulation, accounting fraud, exploitation of tax havens and significant debt accumulation by the Adani group.

“…which raised serious concerns about regulatory failures and the effectiveness of supervisory mechanisms; iii. serious concerns over the alignment of Prime Minister Narendra Modi’s diplomatic moves with Adani’s international business expansion, raising questions about the potential misuse of state machinery to promote private interests at the expense of India’s global position,” he wrote.

Kharge also pushed for a discussion on the erosion of Indian regulatory institutions, notably the Securities and Exchange Board of India (SEBI).

“…and allegations of conflict of interest against its chairperson, Ms. Madhabi Puri Buch, further aggravating public distrust,” he said.

“Finally, the role of a central government PSU – SECI in promoting business interests, facilitating corruption and paying bribes, which raises serious concerns about irregularities and requires parliamentary scrutiny urgent to ensure transparency, accountability and protection of the public interest. “, says the letter.

The winter session of Parliament is scheduled for November 25 to December 20.