Centre Should Have Same Kind Of Love For Country As It Has For Adani: Telangana CM KCR

KCR said India has enough reserves of coal that would last for the next 120 years, but the Centre is forcing states to procure imported coal which is only supplied by the Adani group.

New Delhi: Launching a scathing attack on the Centre, Telangana Chief Minister K Chandrashekar Rao on Sunday demanded a Joint Parliamentary Committee (JPC) to discuss the alleged scam of Adani Group, news agency PTI reported.

Addressing a press conference in Nanded city of Maharashtra, KCR alleged the Centre is pressuring Life Insurance Corporation (LIC) to make a false statement over its exposure in the Adani Group. He further claimed the Centre is forcing states to import coal which is supplied only by Adani Group.

According to the Bharath Rashtra Sanithi (BRS) chief, LIC has an exposure of Rs 80,000 crore in Adani Group. However, to mislead the country, the Centre is pressuring LIC to make a false statement.

''It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee,'' PTI quoted the Telangana CM as saying.

''Everyone knows he (Adani) is your friend. In just two years, he became the world's second richest person. If you are honest, set up a joint parliamentary committee. It is my demand,'' KCR added.

He further said India has enough reserves of coal that would last for the next 120 years, but the Centre is forcing states to procure imported coal which is only supplied by the Adani group. ''The kind of love the Centre has for Adani, it should have for the people of the country,'' KCR said.

“Coal India Ltd has already stated that it has paid the required amount for the construction of a 250 km long railway track that would increase our coal production exponentially. But the Centre is not letting it happen,'' the chief minister alleged. He, however, did not specify the railway track he was talking about.

''If we utilise all the coal fields in the country properly, we will need not have to buy a single kilogram of coal from any other country. The BRS is going to change it when it comes to power,'' he said.

It is to be noted that the Adani Group is fighting allegations of fraudulent transactions and share price manipulation raised by US-based activist short-seller Hindenburg Research, that led to a sharp fall in the prices of its shares.

The Adani group has, however, refuted the claims saying it complies with all laws and disclosure requirements.