New Delhi : Former Congress President Rahul Gandhi on Wednesday alleged that the State Bank of India to save the Adani Group (SBI) and the Reserve Bank of India (RBI) were forced to invest and the savings of common people were put at risk. He also asked whether Life Insurance Corporation of India (LIC) and RBI were ordered to invest in industrialist Gautam Adani’s group and by whom?

Why LIC made big investment in Adani Group

Rahul Gandhi in his video series ‘Mitrakal-Bhaag Do: Your money was looted on Adani’ Releasing a video under the said that SBI is the largest bank in the country. Were LIC and SBI ordered to save Adani Group? Why did LIC invest so much in the risky Adani Group? When these things will be exposed, then it will be known that how much loss has been done to the country.

Who is putting the public’s earnings at riskHe said that in SBI you (public) have kept your hard earned money and savings for the future of your family and children. The question is who is putting your money at risk? He alleged that LIC and SBI were forced to invest in order to save the Adani group. Gandhi said do you want to jeopardize the future of your children? My question to you guys is why your money is being used to save Adani Group?

)Why private investors did not invest money in Adani GroupRahul Gandhi also asked why private sector funds did not invest money in Adani Group? Is it not the duty of the Prime Minister to ensure that public money invested in LIC is safe? The Congress leader asked whether the Prime Minister 12 January, will tell the truth about the loss caused to LIC by investing in Adani Group? What is the Prime Minister doing to address the concerns of retail investors investing in Adani Group?

)4256Who ordered SBI-LIC

Rahul Gandhi claimed that allegations of money laundering, forgery and use of shell companies against the Adani Group have been going on for a long time. He asked who is behind these shell companies? Who ordered SBI and LIC to save Adani Group? Explain that financial research company Hindenburg Research had made several allegations against Adani Group including fraudulent transactions and manipulation of share prices. Adani Group termed these allegations as false and said that it has followed all the laws and provisions.