The Gujarat Congress has demanded an inquiry by market regulator Securities and Trade Board of India (SEBI) into “extra” cost made by a Gujarat Authorities firm to Adani Energy Mundra Restricted in an influence buy settlement made between the 2.
Congress Rajya Sabha member and state occasion president Shaktisinh Gohil on Saturday alleged in Ahmedabad that an extra quantity of Rs 3,900 crore has been paid to APMuL in direction of the vitality costs within the buy of coal throughout 5 years that ended on March 31, 2023. The federal government paid round Rs 13,800 in the course of the stated interval.
Quoting from the letter dated Might 15, 2023 written by GUVNL to APMuL, Gohil stated that GUVNL requested the corporate owned by Gautam Adani Group to refund the surplus quantity.
The MP stated that as per the ability buy settlement between the 2 events, APMuL was supposed to take care of transparency and submit the payments. The quantity was to be based mostly on Argus index (deciding the coal costs) or the procurement value of the coal, whichever is much less.
State authorities spokesperson and minister Rushikesh Patel dismissed the allegations and stated these have been made to misguide the folks of Gujarat.
Giving level by level clarification of the allegations, Patel stated that the cost will likely be adjusted with the bottom charges mounted by the state authorities and the cost achieved is interim. The minister additionally stated the letter was quoted out of context.
Gohil, nonetheless, stated the letter was written to the Adani Group firm after the Hindenburg expose.
Gohil termed it as a case of cash laundering as “extra” quantity has been paid and stated the burden should be borne by the folks of Gujarat.
He sought to know as to below whose directions more cash was paid to the Adani Group firm.
