2 offshore Adani-linked funds on IT dept radar: Congress
The Congress on Tuesday alleged that two offshore Adani-linked funds appear to have been on the radar of Indian tax authorities since at least 2014
New Delhi: The Congress on Tuesday alleged that two offshore Adani-linked funds appear to have been on the radar of Indian tax authorities since at least 2014 with no action evident other than one or two routine notices, as it reiterated that only a JPC can unearth the truth in the whole matter.
The Congress cited a media report which claimed that at least two Mauritius companies which invested in the Adani Group and found mention in the Hindenburg Group's Adani report were on the radar of Indian tax authorities for over a decade.
Tagging the media report, Congress general secretary Jairam Ramesh said, "This is now a familiar pattern: two offshore Adani-linked funds appear to have been on the radar of Indian tax authorities since at least 2014, with no action evident other than one or two routine notices for information." "Like SEBI, was the otherwise hyperactive Income Tax department also forced to sleep on the job during Mitr Kaal?" Ramesh said on Twitter.
"That's why we have been repeatedly saying that only a JPC can unearth where the more than RS 20,000 crore unaccounted funds that were invested in Adani came from," he asked.
