Talking about Adani being morally right is ‘entire political science’: Congress

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New Delhi : Taking a dig at Adani Enterprises, the Congress on Thursday said that talking about Adani being morally right is like preaching the virtues of humility, simplicity and large-heartedness by his ‘principal mentor’. Party general secretary Jairam Ramesh also said that it is ‘entire political science’.

Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000 crore follow-on public offering (FPO) and return of investors’ money. However, the FPO of the company was fully subscribed on Tuesday. Adani Enterprises is understood to have taken this step following a report by Hindenburg, a US-based shortselling company. Gautam Adani, Chairman, Adani Enterprises, said, “Yesterday’s decision to withdraw the FPO after it was fully subscribed may have surprised many, but considering the volatility in the market yesterday, the board feels that the FPO should It would not be morally right to continue.

Ramesh tweeted, saying that Adani is morally right is like his prime mentor preaching the virtues of humility, simplicity and large-heartedness. This is ‘Entire Political Science’. After the report of Hindenburg Research last week, the shares of Adani group companies are continuously falling. This trend of decline continued on Wednesday as well. The collective market capitalization of the group companies has declined by Rs 7 lakh crore in the last five trading sessions.

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