In a tweet posted on Wednesday, he mentioned, “Exactly a yr in the past at present, LIC was listed in the inventory market. Its market capitalisation then stood at Rs 5.48 lakh crore. Today, that is all the way down to Rs 3.59 lakh crore–a fall of a whopping 35 per cent!”
He added, “There is just one purpose for this steep fall — Modani. In the course of, lakhs and lakhs of policyholders have taken a critical hit.”
In a run-up to this tweet, he additionally posted a protracted tweet about the Supreme Court granting a three-month extension after SEBI requested for a six-month extension for the probe into Hindenburg report.
In a protracted tweet, he mentioned, “SEBI requested for a 6-month extension saying an entire evaluation will take 15 months. Supreme Court has granted a 3-month extension. Let or not it’s mentioned time and again and once more. The SC-supervised investigation is proscribed to violations of securities legal guidelines.”
He went at size in the explicit tweet that: “Only a JPC (joint parliament committee) can unravel the complete reality about the ModScam, the nature and extent of the unprecedented quid professional quo: 1. The subversion of each department of the government, particularly India’s investigative and regulatory companies.
2. The yoking of our international coverage to Modani’s monetary pursuits.3. Ensnaring of LIC, SBI (State Bank of India), EPFO (Employees’ Provident Fund Organisation), and compromising pursuits of the shareholders and public cash.
4. The liberal influx of unaccounted funds into India from offshore shell firms tied to the Adanis.
5. The change of guidelines and insurance policies to favour Adani’s home acquisitions.”
He additionally added in the finish, “Modani Scam is a PPP (public-private partnership) with a twist, a real political-private partnership that solely the Parliament’s JPC can absolutely unravel.”
