Latest news with #Modani
The Hindu
07-08-2025
- Politics
- The Hindu
Siddaramaiah attacks Modi over Trump's tariff, terms it ‘economic blackmail'
Launching a tirade against Prime Minister Narendra Modi over U.S. President Donald Trump imposing a 50% tariff on Indian exports, Chief Minister Siddaramaiah, on Thursday, termed the move as an 'economic blackmail' which is the result of 'Mr. Modi prioritising headline management over real diplomacy and national interest.' In a social media post on the eve of the visit of Leader of the Opposition in Lok Sabha, Rahul Gandhi, to the State to lead the protest against 'vote theft', Mr. Siddaramaiah said, 'I fully agree with Mr. Rahul Gandhi. Be it GST, demonetisation, Chinese aggression, the 'Modani' nexus, or COVID-19 failures, farm laws, Rafale, PM CARES, and electoral bonds — Mr. Rahul Gandhi called them out early. The BJP mocked him. But he was proven right again and again. His warning on US President Donald Trump's 50% tariff is no different.' The Chief Minister argued that since 2019, Mr. Modi had 'gone out of his way to please Trump', but Trump was not impressed. 'He saw it not as diplomacy — but surrender,' Mr. Siddaramaiah maintained. 'Now, Trump hits India with unfair tariffs. Worse, he's coercing us to cut ties with Russia — a direct attack on our sovereignty. No foreign power can dictate our trade choices. This is the cost of running foreign policy like a personal PR campaign'SiddaramaiahChief Minister Substantiating his allegations, Mr. Siddaramaiah said, 'Then, Trump did exactly what a true friend wouldn't: He claimed 33 times (and counting) that he brokered peace between India and Pakistan. He hosted Pakistan's Army Chief — the man whose hate speeches led to the Pahalgam terror attack. He backed Israel's brutal assault on Gaza — and Mr. Modi stayed silent, just to remain in Washington's good books'. When all these things happened, there was no protest or attempt to push back or efforts to protect dignity, the CM alleged. 'Now, Trump hits India with unfair tariffs. Worse, he's coercing us to cut ties with Russia — a direct attack on our sovereignty. No foreign power can dictate our trade choices. This is the cost of running foreign policy like a personal PR campaign,' Mr. Siddaramaiah maintained. Stating that the then Prime Minister Indira Gandhi had stood firm against American pressure in the 1970s, Mr. Siddaramaiah demanded that instead of attacking her legacy, Mr. Modi should learn from it. 'India must uphold its strategic autonomy with dignity — not surrender it for photo-ops,' said Mr. Siddaramaiah.
Scroll.in
16-06-2025
- Business
- Scroll.in
SEBI probe into Adani stalled as ‘tax-haven' countries not sharing information, alleges Congress
The Congress on Monday alleged that the Securities and Exchange Board of India investigation into transactions involving the Adani Group has been hindered due to a lack of sharing of financial information by tax-haven countries and insufficient 'pressure' from the Indian government to secure the data. The Opposition party also claimed that a key figure in the alleged Adani 'scam' holds Cypriot citizenship. The statement came amid Prime Minister Narendra Modi's visit to Cyprus. The Adani Group and its 13 offshore investors have been facing an investigation by the Securities and Exchange Board of India since United States-based firm Hindenburg Research alleged in January 2023 that the conglomerate was pulling off the ' largest con in corporate history '. In a report, it claimed that the Adani Group was involved in stock manipulation, accounting fraud and money laundering. The Adani Group has rejected the allegations and denied any wrongdoing. But the report had triggered a rout in stocks of the conglomerate's seven listed companies, which collectively lost more than $100 billion in market valuation. '[Prime Minister] would have us believe that it is a pure coincidence that a key figure in the Modani scam has a Cypriot citizenship,' Congress leader Jairam Ramesh claimed in a social media post. He also claimed that the Cyprus-based fund New Leaina has 'reportedly about $420 million in Adani companies'. Ramesh alleged that 'the 'ultimate beneficial owners' of this fund are linked to Amicorp', a firm he claimed is believed to have set up at least seven Adani promoter entities, seven offshore shell companies connected to businessman Gautam Adani's brother Vinod Adani and three Mauritius-based offshore investors in Adani Group stock.
India Today
16-06-2025
- Business
- India Today
Congress claims SEBI's Adani probe stalled by lack of information sharing
The Congress on Monday claimed that a key figure in the Adani "scam" has Cypriot citizenship, and said the ongoing SEBI investigations into transactions involving the conglomerate have been hampered by lack of sharing of financial information by tax-haven countries and "lack of pressure" by opposition party's assertions come amid the ongoing visit of Prime Minister Narendra Modi to Prime Minister is in Cyprus on his way to Canada. Of course, he would have us believe that it is a pure coincidence that a key figure in the Modani scam has Cypriot citizenship," Congress general secretary in-charge of communications Jairam Ramesh said. The Cyprus-based fund New Leaina reportedly has about USD 420 million in Adani companies, he claimed. "The 'ultimate beneficial owners' of this fund are linked to Amicorp, which is believed to have set up at least seven Adani promoter entities, seventeen offshore shell companies linked to Mr. Vinod Adani, and three Mauritius-based offshore investors in Adani Group stock," Ramesh said in his post on these transactions are part of the ongoing SEBI investigations, which have been hampered by lack of sharing of financial information by these and other tax-haven countries and lack of pressure by India, Ramesh was no immediate reaction from the Adani Group to the claims, but it has denied all such allegations made by the Congress and other Congress has been persistent in its attack on the government since the Adani Group stocks took a beating on the bourses in the wake of US-based short-selling firm Hindenburg Research making a litany of allegations, including fraudulent transactions and share-price manipulation, about the conglomerate headed by industrialist Gautam Adani Group has dismissed all the charges made by the Congress and others as lies, saying it complies with all laws and disclosure that Cyprus gained independence from British rule on August 16, 1960, Ramesh also said that in the 1950s, India spearheaded the international campaign for the full decolonisation of the the context of today's geopolitics, it is worthwhile to recall that India's championing of the independence of Cyprus in the 1950s and thereafter became a sore point in our bilateral relations with Turkey," he Cyprus a "reliable partner" for India, Prime Minister Modi on Sunday called for strengthening bilateral cooperation, which has "immense potential for growth".Modi, who arrived in Nicosia on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Watch
Canada Standard
16-06-2025
- Business
- Canada Standard
"I doubt Mr. Modi's advisors are even aware of it": Jairam Ramesh recalls India's historic role in Cyprus' independence
New Delhi [India], June 16 (ANI): Congress leader Jairam Ramesh on Monday highlighted India's pivotal role in supporting Cypriot independence in the 1950s under Jawaharlal Nehru, which he said he doubted Prime Minister Narendra Modi's 'advisors are even aware of.' The Congress leader's remarks in a social media post come amid the ongoing visit of PM Modi to Cyprus. Ramesh recalled India's leadership at the Afro-Asian Bandung Conference, the close ties between Nehru and Archbishop Makarios III. In a post on X, Jairam questioned whether the current government is even aware of this shared legacy, emphasising the strategic and historical importance of Indo-Cypriot relations. 'The Prime Minister is in Cyprus on his way to Canada. Of course, He would have us believe that it is a pure coincidence that a key figure in the Modani scam has Cypriot citizenship. The Cyprus-based fund New Leaina has reportedly about $420 million in Adani companies. The 'ultimate beneficial owners' of this fund are linked to Amicorp, which is believed to have set up at least seven Adani promoter entities, seventeen offshore shell companies linked to Mr. Vinod Adani, and three Mauritius-based offshore investors in Adani Group stock. All these transactions are part of the ongoing SEBI investigations which have been hampered by lack of sharing of financial information by these and other tax-haven countries and lack of pressure by India,' he said. He recalled that Cyprus gained independence from British rule on August 16, 1960. In the 1950s, India spearheaded the international campaign for the full decolonisation of the island. 'Nehru had, in fact, ensured the participation of the Cypriot leader and freedom fighter Archbishop Makarios III at the historic Afro-Asian Bandung Conference held in Indonesia in late April 1955. Makarios was the only European to attend that summit. Two years later VK Krishna Menon had created a stir at the United Nations in New York by introducing a resolution on Cyprus and by his impassioned speech. Page 1 of the New York Times had carried news of this resolution prominently,' Jairam said. The Congress leader also mentioned that the 'charismatic Archbishop', who became the first President of the Cypriot Republic, himself was to visit New Delhi in November 1962. 'He spent two weeks in India. When Nehru died, a public holiday and a day of mourning was announced on May 27, 1964. In the early 1980s, a busy and scenic road in the Golf Links locality of our capital came to be named after the Archbishop although the signage splits the two words!' he said. Jairam Ramesh also mentioned that the three distinguished Indian army men--Lt. Gen P. S. Gyani, the legendary Gen K. S. Thimayya, and Lt. Gen Dewan Prem Chand--headed the United Nations Force In Cyprus (UNFICYP) between 1964 and 1974. 'Two scholars have just written a fine piece on the UNFICYP that also brings out India's key role in the emergence of the Republic of Cyprus. I doubt that Mr. Modi's advisors are even aware of it,' Jairam Ramesh added. 'In the context of today's geopolitics it is worthwhile to recall that India's championing of the independence of Cyprus in the 1950s and thereafter became a sore point in our bilateral relations with Turkey,' the Congress leader said. In a significant diplomatic outreach, Prime Minister Narendra Modi arrived in Cyprus on Sunday afternoon (local time), marking the first-ever visit by an Indian PM to the island nation. The visit is seen as an important stopover ahead of the G7 Summit in Canada and a reflection of India's renewed focus on strengthening ties with European partners. (ANI)
The Print
16-06-2025
- Business
- The Print
Cong claims SEBI's Adani probe hampered by lack of information sharing by tax-haven countries
'The Prime Minister is in Cyprus on his way to Canada. Of course, he would have us believe that it is a pure coincidence that a key figure in the Modani scam has Cypriot citizenship,' Congress general secretary in-charge communications Jairam Ramesh said. The Cyprus-based fund New Leaina has reportedly about USD 420 million in Adani companies, he claimed. The opposition party's assertions come amid the ongoing visit of Prime Minister Narendra Modi to Cyprus. New Delhi, Jun 16 (PTI) The Congress on Monday claimed that a key figure in the Adani 'scam' has Cypriot citizenship, and said the ongoing SEBI investigations into transactions involving the conglomerate have been hampered by lack of sharing of financial information by tax-haven countries and 'lack of pressure' by India. 'The 'ultimate beneficial owners' of this fund are linked to Amicorp, which is believed to have set up at least seven Adani promoter entities, seventeen offshore shell companies linked to Mr. Vinod Adani, and three Mauritius-based offshore investors in Adani Group stock,' Ramesh said in his post on X. All these transactions are part of the ongoing SEBI investigations which have been hampered by lack of sharing of financial information by these and other tax-haven countries and lack of pressure by India, Ramesh alleged. There was no immediate reaction from the Adani Group on the claims but it has denied all such allegations made by the Congress and other entities. The Congress has been persistent in its attack on the government since the Adani Group stocks took a beating on the bourses in the wake of US-based short-selling firm Hindenburg Research making a litany of allegations, including fraudulent transactions and share-price manipulation, on the conglomerate headed by industrialist Gautam Adani. The Adani Group has dismissed all the charges made by the Congress and others as lies, saying it complies with all laws and disclosure requirements. Noting that Cyprus gained independence from British rule on August 16, 1960, Ramesh also said that in the 1950s, India spearheaded the international campaign for the full decolonisation of the island. In the context of today's geopolitics it is worthwhile to recall that India's championing of the independence of Cyprus in the 1950s and thereafter became a sore point in our bilateral relations with Turkey, he said. Terming Cyprus a 'reliable partner' for India, Prime Minister Modi on Sunday called for strengthening bilateral cooperation, which has 'immense potential for growth'. Modi, who arrived in Nicosia on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Christodoulides. PTI ASK DV DV This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
