Bharata Rashtra Samithi (BRS) MLC and Chief Minister’s daughter Kalvakuntla Kavitha said that a joint parliamentary committee should be formed to investigate the fall of the Adani group’s stock prices.
Kavitha, while speaking to the media at the Telangana Legislative Council premises said, “Today in the country we are facing a huge crisis. We should definitely call it a crisis as the fall of Adani group’s shares and the value of the company will impact the country’s economy.”
MLC K Kavitha criticised the statement of Union Finance minister Nirmala Sitharaman who said that it would not impact the Indian economy and all is well. The Adani group’s shares saw a massive downward spiral after a Hindenburg report found that the company’s valuation was inflated fraudulently.
“The value of shares of SBI and LIC that invested in the Adani group has fallen sharply since 23 January till date. It has caused a severe loss to the common man. The share value of Adani on January 23 was Rs 3,436. Now the share value of the group has fallen to Rs 1,483 on February 6, The BRS party demands to form a joint parliamentary committee in which every parliamentarian from all political parties can take part,” stated Kavitha.
It is the moral of the Prime Minister of this country to speak to the people of the nation, Kavitha said.
