Congress promises parliamentary inquiry into ‘Modani MegaScam’ if INDIA bloc comes to power

The Congress on Wednesday promised to set up a joint parliamentary committee to investigate allegations that the Adani Group fraudulently sold low-grade coal as high-grade coal to the Tamil Nadu Generation and Distribution Corporation, if it comes to power.

Tamil Nadu Generation and Distribution Corporation is a state government-owned power generation and distribution company.

This came after an investigation by the Organised Crime and Corruption Reporting Project, reported by The Financial Times on Wednesday, found that at least 24 consignments of cheap, low-quality coal that the Adani Group had purchased from Indonesia in 2014 were sold to the public sector power company at three times the price.

The Adani Group is India’s largest private producer and importer of coal.

“Adani made excess profits of Rs 3,000 crore from this while the common person was made to suffer overpriced electricity and elevated air pollution,” the Congress said in a statement on Wednesday.

Our statement on today's revelations on the Modani scam. The tempo is picking up and very soon there will be a JPC to investigate it fully pic.twitter.com/CvbI7mLFjh— Jairam Ramesh (@Jairam_Ramesh) May 22, 2024

Low-grade coal produces higher quantities of ash when burnt in power plants, and more of it needs to be burnt to produce electricity, in turn leading to higher quantities of polluting emissions.

“This is yet another example...

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