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CPI to stage demonstrations demanding JPC probe into Adani issue

The party will protest on 13 February against alleged "anti-people budget" and to demand probe into the "wrongdoings" of the Adani Group.

ByPTI

Published Feb 03, 2023 | 11:02 PM ⚊UpdatedFeb 03, 2023 | 11:02 PM

CPI to stage demonstrations demanding JPC probe into Adani issue. (Creative Commons)

The Communist Party of India will stage demonstrations on 13 February to protest against the alleged “anti-people budget” and to demand a Joint Parliamentary Committee (JPC) probe into the “wrongdoings” of the Adani group.

CPI’s national secretariat has asked all its units to observe the day as “Protest Day”.

“It has appealed to all units to demonstrate in front of LIC, SBI or any central government offices and try to reach people through press conferences, posters and pamphlets and also appeal to like-minded people and parties to join the demonstration,” the party said in a statement.

“Party also appeals to conduct a sustained agitation to expose Adani and Union government nexus by calling all other secular democratic and Left parties and organizations to join the campaign,” it added.

Various opposition parties have demanded a Joint Parliamentary Committee probe or a Supreme Court-monitored committee investigation into the Adani issue while also seeking a discussion on it in Parliament.

Also read: Opposition seeks JPC or SC-monitored probe into Adani crisis

Adani group stocks, where LIC is heavily invested, have lost over USD 100 billion in value since a tiny New York short seller — Hindenburg Research — came out with a damning report alleging financial and accounting fraud by the ports-to-energy conglomerate.

The Adani group has denied all charges and called the report malicious and full of lies.

After the slide in Adani group stocks, the opposition said the rout has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.

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