Business tycoon Adani’s issue continues to rock Indian parliament ...Middle East

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Business tycoon Adani’s issue continues to rock Indian parliament
NEW DELHI: The Adani Enterprises issue continued to rock both houses of the Indian parliament on Monday, as lawmakers of opposition parties demanded a probe, reported Xinhua.Speaker of the lower house Om Birla adjourned the house for three hours, after failing to pacify the agitated opposition lawmakers. Opposition lawmakers had been demanding a probe into loans or investments by the Life Insurance Company (LIC) and the largest public-sector State Bank of India (SBI) in the private conglomerate. Adani’s shares value have been consistently falling over the past week, particularly ever since a report by “Hindenburg Research” rocked the Indian economy alleging “improper use” by the company of o

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