Rahul Gandhi Criticizes PM Modi Over Alleged US Favoritism for Adani
Rahul Gandhi links Adani relief in US report to India FTA, targets PM Modi: ‘Not trade deal, but a bargain’
Hindustan Times
Image: Hindustan Times
Rahul Gandhi, Leader of Opposition in India's Lok Sabha, criticized Prime Minister Narendra Modi for allegedly compromising India's interests in the US-India trade framework, following reports that US authorities may drop fraud charges against billionaire Gautam Adani. Gandhi claims this reflects a bargain rather than a trade deal.
- 01Rahul Gandhi alleges PM Modi compromised India's interests for Adani's benefit.
- 02Reports suggest US may drop fraud charges against Gautam Adani.
- 03Congress leader Jairam Ramesh calls the India-US trade deal 'hopelessly one-sided'.
- 04Adani's legal team, including a Trump lawyer, argues for dropping charges.
- 05Allegations against Adani include bribing Indian officials for lucrative contracts.
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Rahul Gandhi, the Leader of Opposition in the Lok Sabha, intensified his criticism of Prime Minister Narendra Modi following reports that US authorities might drop fraud charges against Gautam Adani, a billionaire industrialist. Gandhi accused Modi of compromising India's interests during negotiations for the interim India-US trade framework, suggesting that the Prime Minister secured a 'bargain' for Adani instead of a genuine trade deal. Congress leader Jairam Ramesh echoed this sentiment, labeling the trade arrangement as 'hopelessly one-sided'.
The allegations against Adani include a scheme to bribe Indian government officials for solar energy contracts, with claims that over $250 million was intended for bribes. The US indictment indicated that these contracts could generate more than $2 billion in profits. Amidst this, Adani's legal team, led by Robert J Giuffra Jr., a lawyer for former President Donald Trump, reportedly met with US Justice Department officials to argue that the evidence against Adani was insufficient. The outcome of these legal proceedings could significantly impact the Adani Group's operations in the US.
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The dropping of charges against Adani could significantly affect the business landscape in India and the US, particularly for investors and the Adani Group's future operations.
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