‘Political gimmick’: Gautam Adani dismisses Rahul Gandhi’s allegations against him as baseless

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Adani Group chairman Gautam Adani has dismissed accusations that he benefited at the hands of the Prime Minister Narendra Modi-led BJP government and called the allegations made against him by former Congress speaker Rahul Gandhi groundless and based on political constraints.

Gautam Adani, the third richest person in the world and also the richest man in Asia, was a guest on IndiaTV’s ‘Aap Ki Adalat’ where he opened up on a number of issues including including his brush with death twice – once in 1998 when he was kidnapped, and the second during the horrific Mumbai attacks of 26/11.

“I am grateful to God for seeing two near-death experiences. I believe it was by God’s grace that I was saved,” Adani said.

Rahul’s allegations are nothing more than a political gimmick: Gautam Adani

The industrialist answered several questions on the accusations made against him by Rahul Gandhi since the Bharatiya Janata Party came to power in the Center. Rahul, who misses no opportunity to suggest that the billionaire industrialist had the tacit support of Prime Minister Narendra Modi.

“Rahul ji is a senior leader of the Congress Party. I have the impression that as an industrialist, it is not appropriate for me to comment on it. He is a respected leader, and I see that he too wants the nation to progress. I get it, he says some things because of his political leanings, but I don’t see him as anything more than a political gimmick,” Adani said in response to a question.

Asked about Rahul’s specific claims that the Modi government had ‘handed over all India’s ports, airports, gas, transmission, power, mining, green energy, gas’ to the Adani Group, the industrialist rejected any action. objectionable and said each company that the group entered into followed the proper processes.

“When you make an accusation, tell me too, was there anything that was done without bidding? Is there a business we entered without bidding or without merit? Even we know that to do such a thing in India would create controversy Adani Group has a philosophy that nothing should be touched without an offer Be it my ports, my airports, my roads, my power plant, no company was acquired without bidding. It’s like questioning who is first in the exam,” he said.

Gautam Adani rejects Rahul’s accusation of favoritism

The billionaire industrialist then justified the growth that the companies in his group have experienced in recent years. Furthermore, he dismissed the accusation that Prime Minister Modi was behind the loans his companies were getting from state-owned banks.

“Adani Group is the only group in India whose rating and this rating is not given by any political party or bank, it is given by an independent rating agency after your complete financial analysis. And on this basis, a loan is granted to eligible persons. You have this rating for India, Indian banks and for every company. Today, every company in the Adani Group is rated at the same level as India’s overall rating, which is a sovereign rating.

“The Adani Group has such discipline and such a rating that in my 25 years we have never delayed payment or missed interest, and even more, whenever we need funds for an activity. everyone is ready to lend us,” Adani said, adding that the Adani Group used to take 80 percent of Indian banks’ money before 2013, which is now down to 35 percent now.

Responding to the specific accusation that the loans were secured with the help of Prime Minister Modi, Adani dismissed the allegations as groundless and said institutions in India, or anywhere in the world, do not lend on the basis of what an individual or a political party says.

“On the global front no one lends based on what someone says, they only lend by seeing your rating and your governance. Based on our company’s ratings and disclosures, one of our companies received an award for 3rd level ESG in the world. This is an absolutely baseless allegation. I understand that he needs to say some things politically, but there is no friction between the lenders and us, the borrowers,” Adani said.

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