Parliament Member Subramanian Swamy, who had been nominated as a member of the economic department of BJP, had tweeted recently that, among the ones highest values of loan defaulters, Gautham Adani was the topper. Because of this single tweet, Adani group of companies witnessed a huge drop in the share market, worth Rs 9761.3 crores.
In the same tweet, Subramanian Swamy had tweeted that since Adani is close to Narendra Modi, he has been given more loans, and hence all his loans must be accounted in the system properly, and if the same isn't done, he will file public interest litigation. This resulted in the shares of Adani Transmission dropping 18.05 points, coming down to 161.80, which is a drop of 10.04%, and Adani Enterprises dropping 2.55 points to 169.85, Adani power dropping 1.20 points to 26.40, and Adani ports alone rising to 378.80 points.
The Adanis, whose asset values have
been constantly growing over the last few years, is now at a staggering 11
Billion US Dollars, and he's currently one of the top 10 Billionaires of India.
A BJP member himself opining that Adani has been involved in lots of scams,
using his closeness to Modi has created shock waves in the political fraternity.
However, the Adani group has said that they haven't secured more loans, and
have only a loan of 34000 crores which they are repaying promptly.
